Mr. Watan Jitsomnuek, Director of Strategic Analysis Department, Pie Securities (PI), told Nation Online that last Friday, the National Economic and Social Development Council or NESDB report GDP 4Q22 It grew only 1.4%YoY, lower than the Bloomberg Consensus expectation of 3.6%YoY, with private consumption still expanding at 5.7%YoY, mainly due to continued growth in spending … Read more
A Bank of Ayudhya money manager revealed that the baht opened this morning’s market at 33.64 baht/dollar, appreciating from Friday night’s close at 34.04 baht/dollar. The baht strengthened this morning as did regional currencies Why US economic data, including jobs numbers and the ISM services sector index, came in lower than expected last Friday evening. … Read more
Washington (Reuters) The US economy maintained a strong pace of job growth in December, with the unemployment rate falling to 3.5%, but rising borrowing costs in light of the central bank’s fight against inflation could lead to a significant erosion of momentum in the labor market by mid-year.And the US Department of Labor said in … Read more
Wall Street’s major indexes closed sharply lower as investors feared the data could prompt interest rate hikes for longer than feared. Wall Street closed sharply lower on fears of a recession Major Wall Street indexes closed sharply lower Thursday, with the tech-heavy Nasdaq tumbling as investors feared the data could prompt interest rate hikes for … Read more
The Dow Jones continues to fall. It recently tumbled more than 700 points after revealing that retail sales numbers plummeted more than expected. As a result, investors fear that the US Federal Reserve (Fed) move to raise interest rates will drag the US economy into a recession. As of 22:05 Thai time, the Dow Jones … Read more
The Dow fell more than 100 points amid worries The US Federal Reserve (Fed) rushing to raise interest rates to curb inflation will push the US economy into a recession. At 22:11 Thai time, the Dow Jones Industrial Average was 33,810.78 points, down 136.32 points or 0.40%. Yesterday the Dow Jones fell nearly 500 points, … Read more
An important measure of consumer prices united statethe second smaller increase this year, at a time of accelerating spending, which bolsters hopes for a hike interest rates which the council does Federal reserve It really calms down inflation without driving the economy into a recession. The US Department of Commerce on Thursday released data that … Read more
The US dollar is on track for weekly gains following statements from Federal Reserve officials and retail sales data and signs of easing inflation. The US dollar is on track for weekly gains, following statements from Federal Reserve officials The US dollar is heading for its best week in a month on Friday as statements … Read more
WASHINGTON, November 6, 2022 (Xinhua) The specter of a recession looms in the United States as the Federal Reserve continues its campaign to raise interest rates. On Wednesday, the US Federal Reserve raised interest rates by three-quarters of a point for the fourth consecutive time amid the worst inflation in 40 years. Although job opportunities … Read more
Sheriff Adel (Washington) With growing fears of the US economy going into recession, US stocks fell in the final trading days of the week, with the Dow Jones Industrial Average losing more than four hundred points and the Nasdaq index reaching its lowest levels in the week. 2022.After a grueling week full of news on … Read more