U.S. economic activity expanded slightly from late February to early April and there were fears among businesses that progress in reducing inflation would stall, a Federal Reserve (Fed) survey showed Wednesday, continuing with recent trends that have prevented the central bank from cutting interest rates. The U.S. central bank released its latest view on the … Read more
The Road to Achieving Confidence Months of assurances from Federal Reserve Chair Jay Powell about rate cuts in 2024 were abruptly abandoned last week. Powell openly acknowledged that it is likely to take longer than expected for the Federal Reserve to achieve its desired level of confidence in the economy. This significant shift in stance … Read more
LVMH Shares Rise Despite Sales Slowdown Posted 30 minutes ago LVMH shares up 2.5% Shares of luxury group LVMH rose 2.5% in morning trade, even as the luxury goods group posted a slowdown in sales. Sales grew 3% in the first quarter, the company said Tuesday, slipping from 17% growth in the same period of … Read more
Breaking: Stock Market Rebounds, Federal Reserve Cautions on Inflation Published on [INSERT DATE] Source: [INSERT NEWS WEBSITE NAME] Dow Snaps 6-Day Losing Streak amidst Market Optimism After a worrisome losing streak of six consecutive days, the stock market finally rebounded, bringing about a sigh of relief for investors worldwide. The Dow Jones Industrial Average, one … Read more
Latest News: New Residential Construction Delays Amidst Rising Mortgage Rates New Residential Construction Delays Amidst Rising Mortgage Rates By a Highly Respected News Website Housing starts decline significantly as mortgage rates impact the market Data from the Census Bureau, released on Tuesday, reveals a discouraging scenario for the residential construction market. New construction, including both … Read more
Washington. Employment in March showed signs of optimal health of the economy in the United States, with job creation much higher than expected by a market that fears that these data will prompt the Federal Reserve (Fed) to delay the expected rate cuts. interest. The largest economy in the world added 303 thousand jobs in … Read more
Washington. Federal Reserve Chairman Jerome Powell reiterated this Wednesday that the US central bank has time to deliberate on its first interest rate cut given the strength of the economy and recent inflation readings. “Recent data on job growth and inflation have been stronger than expected,” Powell said in remarks prepared for a meeting at … Read more
US Economy Adds More Jobs Than Expected in March US Economy Adds More Jobs Than Expected in March Labor Market Continues to Outperform Predictions The US economy exceeded expectations in March by significantly adding more jobs and witnessing a decreasing unemployment rate. These positive indicators demonstrate that the labor market remains on a stronger footing … Read more
Stock Market Update: Tech Stocks Lead Market Bounce as Powell Soothes Rate Cut Nerves Tech Stocks Lead Market Bounce as Powell Soothes Rate Cut Nerves April Jobs Report in Focus Tech stocks led the markets higher on Thursday as investors shifted their focus to the upcoming US jobs report, searching for clues about future interest … Read more
Japan ex-currency diplomat says no yen intervention unless it drops beyond 155 to the dollar Japan will only intervene in currency market beyond 155 yen to the dollar: Exdiplomat Japan’s ex-currency diplomat, Hiroshi Watanabe, who served from 2004 to 2007, stated that intervention in the currency market will not occur unless the yen weakens beyond … Read more