The head of the United Kingdom Economy, Jeremy Hunt, who once unsuccessfully aspired to occupy number 10 Downing Street, has become the lifeline for prime ministers in the last two years. His incorporation into the Liz Truss Government managed to straighten out the accounts after a brief and turbulent mandate that sank the country’s international … Read more
2023-11-29 00:00:04 Research firm BCA Research predicted on Tuesday (27th) that the stock market will fall back, saying that this is inevitable in 2024 and may cause the stock market to fall by 27% from current levels. BCA strategists said in their investment outlook report for next year: “Unless inflation rises significantly, we do not … Read more
2023-11-02 03:00:11 After the U.S. Federal Reserve (Fed) announced on Wednesday (1st) that interest rates would remain unchanged, Jeffrey Gundlach, nicknamed the “New Bond King”, believed that as the U.S. economy further deteriorates and will initially enter recession in 2024, U.S. interest rates are about to go lower. “What the market is going to face … Read more
2023-10-27 06:20:09 JPMorgan Chase said that as the Federal Reserve has paused after raising interest rates in July, long-term U.S. Treasury bond yields are rising, which is not a typical market reaction. It should be noted that if the current trend is to repeat the performance of 1969, then the United States may soon see … Read more
Federal Reserve Chairman Jerome Powell stressed that monetary policymakers have not yet decided on the size of the rate hike later this month, and said it hinges on upcoming jobs and inflation reports. On the second day of congressional testimony, Powell told the House Financial Services Committee on Wednesday, “We haven’t made any decisions regarding … Read more
Oil continued to rise for the third day in a row amid signs of a strong recovery in China and new signs that the Federal Reserve may stop raising interest rates next summer. Crude prices got a boost as the macro winds turned late in Thursday’s session with dovish comments from Atlanta Fed President Rafael … Read more
Countries including Pakistan and Afghanistan are showing signs that the global economic recession is starting to tighten its grip. The cooking gas crisis is worsening in Pakistan. Pictures of people being forced to use plastic balloons for cooking gas are circulating on social media. There have also been some reports of LPG being stored in … Read more