Last week’s economic data has raised optimism among investors that the Federal Reserve might keep interest rates steady this month, following a July hike that pushed rates to their highest level in 22 years. However, the Fed has not ruled out further rate increases, which could occur unless inflation continues to slow. Financial markets give…
Stocks concluded the first trading day of September with mixed results, as the latest job market report indicated a moderation in economic activity and some shares showed gains. The Dow recorded a 116-point increase, equivalent to a 0.3% gain. The S&P 500 saw a 0.2% increase, while the Nasdaq Composite experienced a minor decline of…
Home builder stocks are soaring as demand for new homes rises due to the historically tight and unaffordable existing housing market in the United States. The Federal Reserve’s efforts to combat inflation by increasing interest rates have driven US mortgage rates higher over the past year. Coupled with a limited supply of homes on the…
India’s economy experienced rapid growth in the April-June quarter, driven by robust services activity and strong demand. However, concerns arise due to a drier-than-usual monsoon season that could limit future expansion. The Gross Domestic Product (GDP) increased by 7.8% annually during the quarter, a significant acceleration from the 6.1% growth recorded in the previous three…
In the latest jobs report from the Bureau of Labor Statistics, the US job market seemed to be delivering its own version of Goldilocks’ perfect porridge – not too hot, not too cold, but just right. During July, the US economy managed to add 187,000 jobs. While this figure may not have matched the frenzied…
US inflation may have remained elevated in July, but consumers were more focused on enjoying themselves. Newly released data from the Commerce Department on Thursday revealed that consumer spending surged by 0.8% last month, driven by expenditures on restaurants, live shows, toys, games, and recreational equipment. This marks the most substantial monthly spending gain since…
After a strong surge throughout the year, the rally in tech stocks hit a stumbling block in August, primarily due to growing concerns about the Federal Reserve’s prolonged high-interest-rate policy. This unease within the tech sector might not dissipate soon. The recent robust economic data has led investors to believe that the Federal Reserve will…
US job growth throughout much of the past year fell short of previous projections by over 300,000 jobs, as revealed by new federal data released on Wednesday. During its annual benchmark review of payroll data, the Bureau of Labor Statistics (BLS) revised down the employment gains of March 2023 by 306,000 positions. Despite this downward…
China’s economic slowdown has raised concerns among global leaders and investors as it shifts from being a driving force of global growth to becoming a source of economic worry. Recent developments, including Hong Kong’s Hang Seng Index sliding into a bear market and the Chinese yuan hitting a 16-year low, have highlighted the challenges China’s…
Goldman Sachs is predicting an impending government shutdown in Washington, indicating a collision course with the first shutdown in five years. The banking giant’s economists outlined the factors driving this potential scenario in a recent report, citing a thin House majority, disputes over spending levels, and political issues as catalysts. They assert that the ingredients…