Markets underestimate inflation El-Erian said, during the Global Wealth Management Conference held by UBS Bank in Hong Kong, that markets are underestimating inflation in the services sector, which is still higher than goods inflation, and must be reduced much faster. Any change in the Fed’s interest mandates could damage its credibility. “If you’re a central … Read more
Oil prices fell on signs of a possible oversupply and concerns that China’s economic growth is slowing. WTI futures fell below $81 a barrel, after trading in a range of nearly $2 on Monday. The movement of oil prices varied with the movement of prices in the markets in general, after Reuters published a report … Read more
US stocks rose on Tuesday, after the rise of banking stocks, supported by the results of the bank “Bank of America” and “Morgan Stanley”, in addition to the return of the rise in stocks related to artificial intelligence. Bank of America has made impressive profits from its core business on Wall Street. Morgan Stanley officials … Read more
The banking crisis tightened credit conditions “While financial stabilization tools have helped calm conditions in the banking sector, developments in the industry on the other hand are contributing to a tightening of credit conditions and are likely to affect economic growth, employment and inflation,” Powell explained. “As a result, we may not need to raise … Read more