The Institute for Supply Management (ISM) reported that its manufacturing PMI fell to 46.8 in July, marking an eight-month low. This decline was attributed to a slump in new orders. However, despite the downturn, the …
Continue readingTag: US Economy
US Economy on Track for Soft Landing, Rate Cuts Imminent: UBS
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 …
Continue readingOil Prices Slip Despite Strong US Fuel Demand
Oil futures closed slightly lower on Friday, with investors weighing the impact of a weak consumer sentiment report against growing expectations of a Federal Reserve rate cut in September. Brent crude futures settled at $85.03 …
Continue readingUS 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 readingOil Prices Rise on US Inflation Data, Rate Cut Hopes
Oil prices climbed on Thursday, with the Brent benchmark rising above $85 a barrel, driven by hopes of interest rate cuts in the United States. The surge followed data revealing a slowdown in US inflation, …
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 readingGlobal Stocks Surge on Strong US Jobs Data, UK Labour Wins Landslide Victory
Global stocks climbed on Friday, with US Treasury yields dipping after a strong jobs report boosted expectations of a Federal Reserve interest-rate cut. The S&P 500 and Nasdaq hit fresh closing highs, led by communication …
Continue readingFed Report: Inflation Easing, Job Market Rebalanced, Rate Cuts Possible
The Federal Reserve released its latest Monetary Policy Report to Congress on Friday, indicating a steady return to more normal conditions after the pandemic. The report highlights easing inflation, a rebalanced job market, and the …
Continue readingTrump Win Could Push Bond Yields Up, Stocks Down: Experts
Donald Trump’s potential victory in the 2024 US Presidential election could lead to a rise in long-term U.S. Treasury yields, according to Edmond de Rothschild Asset Management strategists. This, in turn, could result in a …
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