While Wall Street is buoyed by expectations for a 2024 US interest rate cut, the real world is still far from over the effects of monetary tightening. Over the past two years, the central bank has been aggressively tightening in an effort to curb inflation. That will raise borrowing costs for businesses and consumers, which … Read more
Trading in anticipation of a weaker dollar has become increasingly popular among hedge funds and others after the U.S. Federal Reserve roiled markets by signaling an end to monetary tightening. According to Commodity Futures Trading Commission (CFTC) data compiled by Bloomberg, non-commercial traders – speculative market participants such as hedge funds and asset managers – … Read more
Someday, children will grow up and leave their parents. No, is that really the case? Younger generations are facing tough economic times, and many parents are supporting their children even after they graduate from college. Nearly half of young adults in the United States live at home with their parents, and many receive assistance with … Read more
U.S. Treasuries rose for the fourth straight week in the week that ended on the 22nd, marking their highest streak since March. Investors are becoming increasingly confident that the US Federal Reserve will cut interest rates in the first quarter of next year. The personal consumption expenditure (PCE) core price index, the underlying inflation indicator … Read more
The outlook for U.S. inflation, which had already been steadily improving in recent months, was finally solidified over two days last week, just as the Federal Open Market Committee (FOMC) met. The Consumer Price Index (CPI) and Producer Price Index (PPI) statistics for November, released on the mornings of December 12th and 13th, respectively, reflect … Read more
More than 100 container ships have changed their Red Sea route to the Cape of Good Hope at the southern tip of Africa to avoid attacks by the Houthi rebels off the coast of Yemen, but this has resulted in increased costs and shipping delays. There is. The United States is considering ways to respond … Read more
Goldman Sachs Group Inc. strategists have revised their 2024 target for the S&P 500 upward just a month after setting it. Goldman’s Kostin predicts S&P 500 to near record high next year With the Fed’s dovish turn last week and inflation slowing, real yields will fall, supporting stock valuations, the team led by David Kostin … Read more
I am a 59 year old retired union construction worker with a full pension of $80,000 per year with no COLA. I also receive Social Security Disability benefits for $3,400 per month. My wife, age 59, is an executive assistant to the director of operations at a large hospital and her income is $68,000. My … Read more
This week, Federal Reserve Chairman Jerome Powell made comments that seemed to further embarrass the market, which had already been pricing in a shift to monetary easing, sparking confusion among market participants. It’s going up in the club. On the 15th, New York Fed President Williams said it was too early to discuss a March … Read more
Opinions among the big names in the bond world are divided as the focus is on how high the U.S. Treasury market will rise after the U.S. Federal Reserve signaled that it is willing to cut interest rates. Jeffrey Gundlach, founder of DoubleLine Capital, said he expects the U.S. Federal Reserve to cut interest rates … Read more