A Broad Rally
In recent weeks, several under-the-radar sectors have been propelling the stock market higher, setting the stage for a test of their resilience. The S&P 500 has gained 21% this year, with tech giants and their AI ambitions fueling the first-half surge.
Go Deeper (2 min read)Fed Chair Powell Signals Further Rate Cuts
Federal Reserve Chair Jerome Powell confirmed on Monday that the central bank plans to continue lowering interest rates in a bid to sustain economic growth and promote hiring.
Go Deeper (2 min read)China's Weak Economy Gets A Boost
In an unprecedented move aimed at invigorating China's weakening economy and reviving a sluggish stock market, the People's Bank of China (PBOC) has rolled out a comprehensive set of policy measures.
Go Deeper (3 min read)The Federal Reserve's Rate Cuts
The Federal Reserve is set to cut interest rates on Wednesday, a move that will gradually ripple through the economy over time.
Go Deeper (3 min read)America's Wallet
Despite inflation, Americans have more money in the bank than in 2019 and only slightly more credit card debt relative to income. However, they don't necessarily feel better off than they did before the pandemic, inflation, and rising interest rates.
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A Rotation Into Value?
The Trump Trade is back in focus, as investors shift towards small-cap and 'old economy' stocks in a manner reminiscent of the trends seen during Donald Trump's 2016 presidential campaign.
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The Fed Is Getting More Confident
In a recent interview with the Wall Street Journal, New York Fed President John Williams provided an in-depth analysis of the current economic landscape, inflation trends, and the Federal Reserve's monetary policy.
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China's Shadow Debt
Economists estimate this off-the-books debt at $7 trillion to $11 trillion, about twice the size of China's central government debt.
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Government's Debt
In its annual report released Sunday, the Bank for International Settlements (BIS) urged governments worldwide to reduce borrowing to mitigate one of the most significant threats to global financial stability and support efforts to control inflation.
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June 2024 - Commentary
Federal Reserve Chair Jerome Powell expressed cautious optimism about the state of inflation and the potential for interest rate adjustments in the near future during a panel discussion with other central bankers at a conference in Portugal.
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The Fed Is In No Hurry
Federal Reserve Chair Jerome Powell has adopted a cautious stance regarding inflation forecasts and potential interest rate cuts, best summarized by the phrase “Trust, but verify.”
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