A Strong Labour Market
The U.S. labor market continues to show signs of strength, offering relief to households and businesses but raising concerns within financial markets as the Fed might be forced to significantly reduce the pace of its rate reductions.
Go Deeper (2 min read)Rates Reductions Can Wait
A Federal Reserve official highlighted that the decision to lower interest rates last month was considered a “close call” due to notable shifts in the economic outlook compared to four months ago when rate cuts began.
Go Deeper (3 min read)The Federal Reserve’s New Phase
Investors were rattled on Wednesday after Federal Reserve Chair Jerome Powell suggested a pause in rate cuts and hinted that the total number of reductions might be less than expected.
Go Deeper (3 min read)U.S. Money Managers Win Big
The global asset management industry is undergoing a profound shift as US-based financial giants dominate the UK and European markets.
Go Deeper (3 min read)China's Very Slow Recovery
China’s consumer price growth slowed in November, reflecting weak domestic demand despite Beijing’s push to revive spending.
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U.S. Home Sales Remain Weak
The U.S. housing market is facing its most challenging year in nearly three decades. Sales of existing homes in 2024 are projected to be the lowest since 1995, marking the second consecutive year of sluggish activity.
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Dealmaking Powers Banks
Goldman Sachs posted a stellar third-quarter profit, marking a 45% surge, thanks to the favorable conditions created by lower interest rates and a stable economy.
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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.
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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.
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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.
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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.
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