Navigating the Challenges and Risks: The economic storm brewing within China’s borders threatens to unleash a global tempest of unprecedented proportions. Once a symbol of rapid economic growth and development, China is now grappling with a complex web of challenges that could have far-reaching consequences. The country’s debt-laden property market, …
Read More »ECB encounters moment of truth on rate policy
Finally, the European Central Bank is making a move in response to rising inflation by widely eyed decision on the first rate hike in more than ten years, but will suffice to turn the tide on the EUR/USD pair as the Euro is poised to revisit levels back below parity …
Read More »What Could European Embargo On Russian Energy Economically Mean?
Brussels agrees on more military aid for Ukraine, but no new sanctions. Activists have made a joint call for a European embargo on Russian oil, gas and coal, as thousands prepare for protests against continued hostilities around the world.On the other hand, Germany’s Olaf Scholz warns immediate Russian energy ban …
Read More »Wells Fargo: NFP Pushes FOMC To Gray Zone
November’s NFP data showed an increase in payrolls of 210000, significantly below the 550000 expected. According to Wells Fargo’s analysts, this reading is clear evidence that nonfarm payrolls are below consensus expectations. They add that a slower pace of wage growth may slightly ease some concerns about a wage price …
Read More »House Democrat calls for depriving Congress from debt limit authority
A House Democrat on Wednesday called for a long term solution to the deadlock over avoiding a debt default later this month by taking away the debt ceiling authority from the Congress altogether to prevent parties from playing with political fire around the debt limit.Rep. Brendan Boyle along with House …
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