UBS analysts remain confident in a soft landing for the US economy, with inflation cooling down and the Federal Reserve poised to cut interest rates. The investment bank predicts a near-100% chance of a rate …
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US Producer Prices Rise Slightly in June, but Inflation Pressures Ease
The US producer price index (PPI) climbed 0.2% in June, exceeding expectations, driven by a rise in the cost of services. However, the overall trend suggests inflation pressures are easing. The PPI, which measures prices …
Continue readingUS Wholesale Inventories Rise in May, Boosting Hopes for Q2 Economic Growth
US wholesale inventories saw a solid increase in May, rising by 0.6% according to the Commerce Department’s Census Bureau. This positive development suggests that inventory investment could contribute to economic growth in the second quarter. …
Continue readingFed Chair Powell Hints at Rate Cut: “More Good Data” Needed for Easing Monetary Policy
Fed Chair Jerome Powell signaled a potential shift in monetary policy on Tuesday, suggesting that “more good data” would strengthen the case for interest rate cuts. While inflation remains above the Fed’s 2% target, recent …
Continue readingVietnam Aims for 6.5%-7.0% GDP Growth in Q3, Maintains Inflation Target Below 4.5%
Vietnam is aiming for robust economic growth in the third quarter, targeting a GDP expansion of 6.5%-7.0%, according to Prime Minister Pham Minh Chinh. The government remains committed to keeping inflation below 4.5% for the …
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