Tag Archives: recession

New Zealand’s prime minister, Jacinda Ardern, has said she is resigning, in an unexpected announcement that came as she confirmed a national election for October. At the party’s first caucus meeting of the year on Thursday, Ardern said she “no longer had enough in the tank” to do the job. …

While speaking at Riksbank’s International Symposium on Central Bank Independence, FOMC Chairman Jerome Powell said the Federal Reserve’s independence from political influence is central to its ability to battle inflation, as reported by Reuters. Powell further noted that this independence requires the Fed to stay out of issues like climate …

The USD/CHF pair has attracted more demand after a marginal correction closer to the 0.9200 mark amid positive risk appetite that is obviously cautious and keeping an eye on the performance of rising US Treasury yields.Fed Bostic, on Monday, said that no recession in CY2023 but has trimmed his GDP …

US equities had a surprise reason for celebrating with the first day of the second trading week in the new year. So far, in 2023, Wall Street has swung from sadness to joy.US Stocks are enjoying a robust year beginning after 2022’s disappointing performance. Even though the Dow fell more …

Wall Street’s major indices closed higher on Friday, supported by reports that although jobs increased in the United States more than expected, wage increases slowed and services activity contracted, easing concerns about the path of interest rate hikes by the Federal Reserve. The data published by Automatic Data Processing (ADP) …

China published its upwardly revised GDP estimate for 2021, at 8.4% instead of 8.1%. China has also stimulated positive market sentiment following the announcement of easing covid-linked restrictions, which will alleviate the negative impact of such restrictions on the economy. China Immigration Administration announced it would resume issuing visas for …

Among the key questions lingering over across financial markets is whether volatility could continue into 2023 as the calendar year turns a corner.Markets were closed Monday to observe the Christmas holiday. In this shortened trading week, investors are expecting either relative quiet or further volatile sessions ahead due to low …

The dollar fell against most currencies in volatile and weak trading on Friday after data indicated a slight slowdown in inflation in the United States, which boosted expectations of the Federal Reserve raising interest rates at lower rates and improved investors’ appetite for risk. The personal consumption expenditures price index …

Financial markets’ sentiment was still negative for most of the previous trading week amid accelerating recession-linked fears. This development, for sure, reinforced US Treasury bond yields but the US stock futures and equities in the Asia-Pacific region maintained mostly dull performance ahead of the final batch of data from the …

US retail sales fell more than expected in November, but consumer spending is still supported by a tight labour market, with the number of Americans filing for unemployment benefits decreasing by the most in five months last week. The biggest decrease in retail sales in 11 months reported by the …