We have revised our view of the most likely scenario for the path of the RBA’s cash rate, pushing out the start date of the rate-cutting cycle from February to May, but more front-loaded than Read more…
Boston Fed President Susan Collins stated in a speech that “additional policy easing is needed” as monetary policy remains “at least somewhat restrictive.” She acknowledged that the “final destination” of policy adjustments is “uncertain”, and Read more…
Fed Governor Lisa Cook said in a speech that the US economy is in a “good position”. She remains “confident” that inflation is moving sustainably toward Fed’s 2% objective, while acknowledging that the path may Read more…
After a rough year marred by negative news about how easy its cars were to steal, South Korean automaker Hyundai and its sister brand Kia have been recovering from their negative reputation and moving towards Read more…
Although the nation has been hit with various challenges, like the uncertain state of a constantly evolving economy, inflation, the U.S. port strikes, and two devastating hurricanes, Walmart still prevailed in its most recent quarter Read more…
Fed Governor Michelle Bowman expressed concerns over the recent slowdown in inflation reduction efforts, emphasizing that while there has been “considerable progress in lowering inflation since early 2023,” this progress “seems to have stalled in Read more…
After facing a boycott last year, Target (TGT) is continuing to monitor the behavior of its customers closely, and what the retailer is currently observing is causing it to cast doubt on its future sales. Read more…
The Jake Paul vs. Mike Tyson fight on Friday was one of the year’s most anticipated fights, and Netflix (NFLX) made sure to profit from it in every way it could. Netflix even created a Read more…
BoE Deputy Governor Dave Ramsden expressed support for the MPC’s cautious approach to easing interest rates, citing economic uncertainties tied to recent fiscal measures and labor market data. Ramsden emphasized the need for a “watchful Read more…
Greek ECB Governing Council member Yannis Stournaras emphasized at an event overnight that inflation in Eurozone is now projected to reach the 2% target “sooner than earlier expectations,” likely by early 2025 rather than the Read more…