Chicago Fed President Goolsby said data showing slowing inflation was “great news” but said he had not decided whether to support a moratorium on rate hikes at the next meeting of the Federal Open Market Committee (FOMC). In an interview with Yahoo Finance on Wednesday, he said, “I haven’t decided yet what to do in … Read more
Consolidated financial results for the first quarter (April-June 2023) of the three mega banking groups in Japan will be available by August 1st. The total net profit forecast (average) compiled by Bloomberg is expected to increase significantly to 781.5 billion yen, up 48.7% from the same period last year. The breakdown is 386.5 billion yen … Read more
While the bullish U.S. stock market has created a fearless atmosphere among traders right now, some strategists are gearing up for the potential for a sell-off. The S&P 500 is up 19% year-to-date, and wait-and-see investors are back in the market. Traders’ exposure to equities is at historically high levels, according to an analysis by … Read more
In the US, key inflation indicators indicated continued easing of price pressures. Personal consumption was also active, and it became clear that the economy was gaining momentum ahead of the July-September quarter (third quarter). Key Points U.S. Personal Consumption Expenditures (PCE) rose 0.5% month-on-month in June Economists’ median estimate rose 0.4% Personal income rose 0.3% … Read more
Mark Tesierrabeen was highly regarded in academia for his brilliant research achievements. The Rhodes Scholar turned neuroscientist is known for his groundbreaking research into the causes of Alzheimer’s disease. Due to his achievements, he became the president of Stanford University in the United States and made a great contribution to collecting donations from Silicon Valley. … Read more
For the middle class, money allows them to buy groceries, pay the rent or the mortgage and afford a few moments of pleasure. (Photo: 123RF) OPINION. Inflation and the historic rise in interest rates over the past 18 months are bringing to the fore an age-old friction between the “rich” and the “poor” in our … Read more
In the trading on the 13th of New York time, the price of crypto assets (virtual currency) rose across the board. In a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs, which issues XRP (Ripple), it is said that if XRP is sold to general investors, it does not correspond … Read more
More than four months after the announcement of the production cut, Russia’s seaborne crude oil supply is finally starting to show signs of a decline. Ship-tracking data monitored by Bloomberg and confirmed by other data sources showed that crude exports from western Russian ports rose from February through late June, but fell in the four … Read more
The Federal Open Market Committee (FOMC) will need to raise interest rates further this year to keep inflation below its target, three officials said on Monday. “Inflation is still far too high,” Federal Reserve Vice Chairman Barr said at a meeting at the Washington think tank Bipartisan Policy Center (BPC). “We have made a lot … Read more
With some U.S. bond yields jumping to more than a decade highs last week, investors’ focus has begun to shift to what’s next at the Federal Open Market Committee’s July meeting. Bond markets have now almost fully priced in a 0.25-point rate hike at the 25-26 FOMC meeting on the latest economic data. ‘Green light’ … Read more