US inflation cooled in November, with the PCE price index rising just 0.1%, below expectations. This easing of inflationary pressure offered relief to markets, though the Fed’s stance on interest rates remains a key factor.
Thai government’s attempt to appoint a politically connected chairman to the Bank of Thailand (BOT) rejected. The Council of State deemed the nominee unsuitable, upholding the central bank’s independence.
Thailand’s Central Bank Independence Affirmed: Government Nominee for Chairman Rejected Read More »
Asian markets tumbled Wednesday, following Wall Street’s decline despite strong US economic data. This drop highlights investor worries about future interest rate hikes and policy changes.
Asian Markets Falter Following Wall Street Decline Despite Positive US Economic Data Read More »
Will Brazil’s central bank maintain independence under new head Gabriel Galipolo? His close ties to President Lula raise concerns about potential shifts from the previous market-friendly approach.
Brazil’s Central Bank Leadership Transition: Continuity or Change Under Galipolo? Read More »
US construction hiring slowed in November amid economic uncertainty and potential policy shifts. High interest rates and immigration policy concerns contribute to contractors’ cautious approach, despite overall strong employment.
US Construction Hiring Slows Amid Economic Uncertainty and Policy Shifts Read More »
ECB cuts key interest rates by 25 basis points to combat disinflation and support Eurozone recovery. This move reflects the ECB’s assessment of the inflation outlook and aims to stimulate economic growth.
European Central Bank Lowers Key Interest Rates to Combat Disinflation Read More »
US dollar poised for strongest weekly gain in a month due to robust economic outlook and higher interest rates. Strong labor market and persistent inflation bolster demand, while new policies under the incoming administration add to growth anticipation.
Dollar Set for Strongest Weekly Gain in a Month Amidst Robust US Economic Outlook Read More »
China’s GDP growth is projected to hit its 5% target in 2024, according to President Xi Jinping. This announcement signals economic stability and progress despite global uncertainties and comes after a year of stimulus measures.
China’s GDP Growth Set to Hit 5% Target in 2024, Xi Says Read More »
Earn competitive returns on your savings with a High-Yield Savings Account (HYSA). While rates fluctuate, HYSAs still outperform traditional accounts, offering security and solid returns for short-term goals.
Major US indices dipped Dec. 10th ahead of the CPI inflation report, impacting Fed rate decisions. Walgreens soared on buyout talks, while Moderna plunged after an analyst downgrade.
Market Movers: Walgreens Soars on Buyout Talks, Moderna Plunges on Analyst Downgrade Read More »
