The Fed Is Patient
Federal Reserve Chair Jerome Powell emphasized on Thursday that the current strength in the U.S. economy allows the central bank to adopt a measured approach to interest rate cuts.
Go Deeper (3 min read)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.
Go Deeper (3 min read)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)More from Markets
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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ECB Cut Rates
The European Central Bank (ECB) has decreased interest rates by a quarter point, initiating a reversal of its historic rate increases.
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Exporting Deflation Might Not Work
China's factories unexpectedly contracted in May, ending a two-month period of growth and casting doubt on the country's export-driven strategy to rejuvenate its struggling economy.
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