First Meeting of Sub-Committee on Article 23 Legislation Held in Hong Kong
The Sub-Committee to Study Matters Relating to the Legislation of Article 23 of the Basic Law held its first meeting this afternoon (27th), with Business Member (Second) Liu Cheung-kong as chairman and the Democratic Alliance for the Improvement of the New Territories of Hong Kong North-East Member Chan Hak-kin as the vice-chairman. . Liao Changjiang […]
Goldman Sachs Revises Forecast for Interest Rate Cuts: Timing and Expectations Updated
Economists at Goldman Sachs Group, a US investment bank, have estimated the timing of interest rate cuts at 6.5% after analyzing recent statements from US Federal Reserve officials and the minutes of the Federal Open Market Committee (FOMC) meeting in January. May. Before that, it was expected to start in May. Goldman has revised its […]
Investors Speculate on the Federal Reserve’s Next Move: Rate Cut or Hike?
Investors are beginning to wonder how the Federal Reserve will steer the US economy. A steady gradual cut seemed almost certain, but that has changed in just a few weeks, and now there is even talk that a rate hike may be necessary. A few weeks ago, expectations for a rate cut were so widespread […]
The Resilience of Cash: Money Market Funds and Corporate Hoarding in 2024
Money market funds (MMFs) receive billions of dollars from investors every day. Corporate treasurers are hoarding record levels of cash. The market easily digests the large amount of US Treasury bills (TB) issued. Cash is an asset class that many market forecasters have written off at the start of the year, but it is still […]
Record US Stock Rally Threatened by Geopolitical Risks in the Middle East
Investors and companies are becoming increasingly wary of the war in the Middle East, which poses a major risk to corporate performance. Sales have fallen due to widespread boycotts in Islamic countries, and attacks on cargo ships in the Red Sea have threatened supply chains. Those headwinds pose a risk to a record rally in […]
Federal Reserve Vice Chairman Raises Concerns Over Commercial Real Estate Loans
Federal Reserve Vice Chairman William Barr said Wednesday that the agency is paying “close attention” to the risks associated with commercial real estate loans. The regulator is said to be increasing the downgrade in its supervisory assessments of banks amid fresh signs of tensions over their finances. In a speech at Columbia University, Barr said […]
US Consumer Price Data Expected to Show Deflation in Services Sector
Monthly US consumer price data due for release on the 13th is expected to show further deflation in the services sector following recent falls in commodity prices, giving the US Federal Reserve a rationale for cutting interest rates.Bloomberg Economics (BE) predicts that this will confirm. The US Bureau of Labor Statistics’ January Consumer Price Index […]
US Federal Reserve Officials Consider Broader Price Pressures as Benchmark for Rate Cuts
Some officials from the US Federal Reserve appear to be setting a new benchmark for rate cuts. That criterion is a reduction in broader price pressures. Both Richmond Fed President Barkin and Boston Fed President Collins suggested last week that they would like to see inflation not only continue to slow, but also spread firmly […]
Analysis of US CPI Revisions and Their Impact on Inflation Concerns
In the annual review of the Consumer Price Index (CPI) published by the Bureau of Labor Statistics (BLS) of the US Department of Labor on the morning of the 9th, the core index excluding food and energy for October-December 2023 (fourth quarter) was 3.3 compared to the same month last year % increase, unchanged since […]
Minneapolis Fed President Kashkari: “Several More Months” of Inflation Data Needed Before Rate Cut
Minneapolis Fed President Kashkari said the Fed needs to see “several more months” of inflation data before cutting rates. He also acknowledged that two or three rate cuts are likely to be appropriate in 2024. “We’re not looking for better inflation data, we’re just looking for additional inflation data that shows we’re close to the […]
