Jerome Powell, Chairman of the US Federal Reserve, concluded 2023 on an optimistic tone, adopting a dovish message on December 13, along with expectations that showed that most Federal Committee members belong to the camp that believes in a soft landing. The committee, which sets interest rates, believes unemployment will rise slightly above current levels, … Read more
As 2024 approaches and COVID-related shutdowns fade into memory, businesses everywhere are trying to establish a new normal. Some of the largest Wall Street companies have moved to bring employees back 5 full days to work in the office, others see a competitive advantage in allowing permanent remote work, while there is a conservative mix … Read more
If this is the “golden moment” for private credit, where will things go? What are the risks? High interest rates and turmoil at regional banks early this year have fueled growing confidence in the recovery of private credit. The market is expected to grow from $1.6 trillion this year to $2.8 trillion, according to data … Read more
Photo = Infostock Daily [인포스탁데일리=안호현 전문기자] Saudi Arabia is considering extending its production reduction policy until next year. Additional production cuts at the Organization of Petroleum Exporting Countries (OPEC) plus level are also being considered. The Financial Times (FT) reported on the 17th (local time) that Saudi Arabia is likely to extend its production cut … Read more
The US Federal Reserve’s 18-month interest rate hikes were supposed to calm the momentum of the world’s largest economy, but consumers had a different opinion. Last Thursday, federal data showed that the US economy grew at an annual rate of 4.9% in the third quarter of this year, which is a very rapid pace that … Read more
When a major consumer stock collapses to historic levels, it sends powerful signals that resonate far and wide. That’s what happened when shares of Chinese e-commerce group JD.com fell sharply, falling 12% on Friday. On the same day, official data showed that China is teetering on the brink of financial recession, and the numbers tell … Read more
The largest American banks confirmed that they are performing well, as businesses and consumers continue to spend and borrow, even if interest rates remain at their highest levels in 22 years. JPMorgan Chase, Citigroup and Well Fargo were able to charge higher fees on loans while their deposit payments increased more slowly. The three lenders … Read more