US Federal Reserve Grapples with Unprecedented Monetary Policy Challenges Amidst Falling Inflation and Stable Unemployment
Fed Facing Uncertain Territory in Managing Monetary Policy Byline: Reuters The US Federal Reserve Board (FRB) finds itself in unfamiliar territory as it navigates its monetary policy management without a clear guide. The Federal Reserve Bank of Richmond highlighted this challenge in a research note analyzing the Fed’s interest rate cycle. It noted that despite […]
China’s Direct Economic Losses from Natural Disasters Reach $5.74 Billion in One Month
China Experiences Record Economic Losses from Natural Disasters Expert report reveals devastating consequences of typhoons on Chinese economy Beijing, China – In a dire assessment, China’s emergency management ministry announced on Thursday that the direct economic losses incurred from a devastating duo of typhoons that hit the country in July totaled a staggering 41.18 billion […]
Weaker Non-Farm Payrolls Growth in July Decreases Probability of Rate Hike
US Non-Farm Payrolls Growth Below Expectations, Chance of Rate Hike Declines Washington, DC – According to the US Labor Department’s July jobs report, the nonfarm payrolls in July grew at a slower rate than anticipated, causing the Federal Funds futures market’s implied probability of another rate hike this year to fall below 30%. This news […]
The Recreational Vehicle Industry Faces Challenges Amidst Pandemic Demand Shifts
An Unprecedented Slump: Recreational Vehicle Industry Hit Hard Amidst Pandemic The RV industry faces its worst level of sales since 2015 as the pandemic takes its toll Fort Lauderdale, Florida-based Blue Compass RV, a leading recreational vehicle (RV) dealership with 103 stores across the United States, is feeling the strain as the industry battles an […]
US Jobless Claims Drop Unexpectedly, Indicating Tight Labor Market Despite Slowing Growth
US Jobless Claims Fall to 237,000 amid Tight Labor Market Unexpected Decline Shows Employment Growth Slowdown The US Labor Department announced on Thursday that the number of seasonally adjusted initial jobless claims dropped by 12,000 in the week ending March 8, settling at an impressive 237,000. This unexpected decline serves as a testament to the […]
ISM Non-Manufacturing Index Surges in June, Signaling Continued Economic Expansion
Institute for Supply Management’s Non-Manufacturing Index Exceeds Expectations Washington (Reuters) – The Institute for Supply Management (ISM) reported that its non-manufacturing index exhibited a significant rise in June, reaching 53.9 compared to the previous month’s 50.3. This surpassed market expectations, which were set at 51.0. The data suggests a positive outlook for the service sector, […]
Mainland Banks Plunge on Goldman Sachs Downgrade
Mainland Banks Plummet on Hong Kong Stock Market Shanghai/Hong Kong – In a significant development, mainland banks experienced a sharp decline in the Hong Kong stock market on Thursday. The cause for concern was sparked by Goldman Sachs’ decision to downgrade its investment positions regarding Agricultural Bank of China and several others. On the 5th […]
US Interest Rate Futures Market Sees Slight Drop in July Rate Hike Probability Following Slower PCE Price Index
US Interest Rate Futures Market Slightly Less Confident in July Rate Hike The US interest rate futures market showed a slight decline in the probability of a rate hike at the upcoming July meeting of the Federal Open Market Committee (FOMC). Previously standing at around 90%, the probability has now shifted to approximately 85%. This […]
President Xi talks to Bill Gates, “I hope to continue the friendship between the people of China and the United States” | Reuters
Chinese President Xi Jinping said on June 16 that he hoped the friendship between the peoples of the two countries would continue, as the foundation of Sino-US relations lies in the private sector. FILE PHOTO: London, England February 2023. REUTERS/Justin Tallis [北京 １６日 ロイター] – Chinese President Xi Jinping said in a meeting with Microsoft […]
NY Philadelphia Fed Business Conditions Index, 6 months ahead, highest level in more than a year | Reuters
According to the monthly survey on the manufacturing industry released by the Federal Reserve Bank of New York (NY) and the Federal Reserve Bank of Philadelphia on the 16th, the business sentiment index six months in advance reached the highest level in 15 months. Northeast US manufacturers expect new orders and shipments to improve in […]
