The Bureau of Economic Analysis reported that GDP increased at a 4.9% annualized rate in Q3, slightly below the previously reported 5.2% pace. The latest report from the United States Labor Department reveals a marginal increase in weekly jobless claims, with the number rising by 2,000 to 205,000 for the week ending December 16. While this uptick might raise eyebrows, it is important to note that the overall trend remains at historically low levels, indicative of a labor market that has...
Read More »US Weekly Jobless Claims Increased Moderately to 207,000
Market participants have been particularly attentive to any signals that the Federal Reserve may continue to raise interest rates. A recent report from the Labor Department has revealed that initial filings for jobless claims or unemployment benefits for the week ended September 30th reached a seasonally adjusted 207,000. While this statistic represents a 2000 rise over the previous figure, it fell short of the Dow Jones consensus projection of 210,000, indicating that the job market...
Read More »ECB Announces 10th Consecutive Interest Rate Hike amid Inflation Battle
High energy prices can have a cascading effect on other sectors of the economy, contributing to the overall rise in consumer prices. The European Central Bank (ECB) has announced its 10th consecutive hike in its main interest rate. This decision has catapulted the Central Bank’s main deposit facility rate from -0.5% in June 2022 to a historic 4%. The ECB’s Commitment to Tackling Inflation While this decision may seem drastic, it reflects the ECB’s unwavering commitment to controlling...
Read More »UK Housing Market Faces 34% Drop in Demand amidst Economic Pressures
CoinspeakerUK Housing Market Faces 34% Drop in Demand amidst Economic Pressures The recent decision by the Bank of England (BoE) to increase interest rates has further compounded the issue of declining home sales in the UK. UK Housing Market Faces 34% Drop in Demand amidst Economic Pressures
Read More »JPMorgan Warns of Potential Economic Downturn for UK, Says Interest Rates Could Surge to 7%
CoinspeakerJPMorgan Warns of Potential Economic Downturn for UK, Says Interest Rates Could Surge to 7% The potential increase in interest rates would have wide-ranging implications for the UK economy. JPMorgan Warns of Potential Economic Downturn for UK, Says Interest Rates Could Surge to 7%
Read More »US Treasury Yield Falls amid Rate Hikes and Debt Ceiling Concerns
The ongoing negotiations surrounding the US debt ceiling have been a key focal point for investors as the June 1 deadline approaches. The United States Treasury bond market experienced a decline in yields on Friday as investors eagerly await the release of key inflation data and updates on debt ceiling negotiations. According to reports, the yield on the 10-year Treasury fell by 3 basis points to 3.829%, while the 2-year Treasury yield dropped by nearly 6 basis points to 4.57%. It is...
Read More »US Treasury Yield Spikes as Investors Fear Recurring Banking Crisis
Amid the broader banking crisis, investors are still concerned about the next move of the government in terms of Federal Reserve policy. United States Treasury yields spiked earlier today after fluctuations experienced on Thursday. The yield on the 10-year Treasury went up by almost 5 basis points or 3.407% while that of the 2-year Treasury jumped by 9 basis points or 3.823%. The percentage surge covered up some of the losses encountered in the previous trading day. The Treasury yield...
Read More »Top Asset Manager Says Federal Reserve May Continue Hiking Interest Rates to 6%
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Read More »Yields Bounce on Monday as Expectations for Interest Rate Hike Heightens
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Read More »Treasury Yields Bounce Setting Pace for Stock Market Growth
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