An increase in the number of job seekers caused the U.S. unemployment rate to rise in August, climbing from 3.5% to 3.8%. The collapse of a major trucking company resulted in the loss of 37,000 jobs…
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The annual Jackson Hole symposium hosted by the Federal Reserve Bank of Kansas City commenced on Thursday. During the event, several Federal Reserve officials indicated that although there might not be…
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Longer-dated U.S. Treasury yields hit a 10-month high this week as investors focused on the prospects of longer-lasting high interest rates and a struggling Chinese economy. This week’s broad risk-off…
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The past week witnessed a varied performance in the major U.S. stock markets. Investors grappled with the implications of subdued inflation data against concerns stemming from the recent uptick in lon…
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The Fed delivered another interest rate hike this week, as expected, while Chair Jerome Powell indicated that there might be additional hikes in the future, depending on the incoming data, which has recently shown a robust U.S. economy.
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The Fed delivered another interest rate hike this week, as expected, while Chair Jerome Powell indicated that there might be additional hikes in the future, depending on the incoming data…
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In June, spending at US retailers continued its positive growth trend for the third consecutive month, showcasing resilience among American consumers. According to the Commerce Department’s report on…
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After more than 50 ministers and several Cabinet members stepped down, U.K Prime Minister Boris Johnson announced his intention to resign. This comes weeks after Johnson narrowly survived a no confide…
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After a strong performance in the first half of 2023, markets experienced a slight setback in the first week of the third quarter. The catalyst behind this week’s pullback was the release of the Fed’s…
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As we bid farewell to June and conclude the second quarter of 2023, it’s essential to reflect on the plethora of news and data that has shaped the past three months. From inflation and interest rates…
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