Former Bank of Japan Board Member Highlights Conditions for Exiting Accommodative Monetary Policy
Former Bank of Japan advisory board member, Tsuyoshi Kataoka, suggested on Thursday that the central bank will only be able to exit its accommodative monetary policy if it consistently meets its 2% inflation target. Speaking at the Reuters Global Markets Forum, Kataoka emphasized the importance of successful wage negotiations in the spring of 2024 to […]
Cleveland Fed President: US Labor Market Remains Strong Amid Signs of Balancing
Strong US Labor Market Shows Signs of Balancing, Says Federal Reserve Official Washington, DC – In a recent speech, Cleveland Federal Reserve Bank President Loretta Mester emphasized that despite indications of balancing, the US labor market remains resilient. Mester also highlighted the importance of data-driven interest rate decisions. “Despite witnessing some improvements in the balance […]
Philadelphia Fed President Expects No Further Interest Rate Hikes This Year
Philadelphia Fed President Expects No Further Interest Rate Hikes in 2020 New York, August 24 (Reuters) – Speaking at the Kansas City Fed’s Jackson Hole symposium in Wyoming, Philadelphia Federal Reserve Bank President John Harker expressed his belief that the Federal Reserve will not raise interest rates any further this year. In an exclusive interview […]
Fed President Thomas Barkin Urges Caution as US Economic Growth Shows Signs of Re-Acceleration
Richmond Federal Reserve Bank President Thomas Barkin Discusses Potential Re-Acceleration of US Economic Growth by [Author Name] Washington, DC – In a statement released on Thursday, Thomas Barkin, the President of the Federal Reserve Bank of Richmond, emphasized the need for the Federal Reserve Board (Fed) to be aware of the possibility that the United […]
Wells Fargo Investment Institute Raises US GDP Growth Forecast for 2023
Wells Fargo Investment Institute Raises US GDP Growth Forecast for 2023 In a significant update, the Wells Fargo Investment Institute (WFII) revised its projection for the US gross domestic product (GDP) growth in 2023. The previous forecast of 1.1% has now been lifted to an optimistic 2.2%. This adjustment reflects a positive outlook for the […]
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 […]
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 […]
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 […]
