The US nonfarm payrolls report will take centre stage next week as speculation about the size of the Fed’s next rate hike goes into overdrive. Investors will also be keeping a close eye on the Read more…
As markets continue to price in higher natural gas and electricity prices for the coming year, the euro area looks increasingly more vulnerable and EUR/USD traded below parity to the lowest level in almost 20 Read more…
Despite a slight decline from its highest levels since 2002, around 109 range, it is just a correction, and the green king, the US dollar, will resume its rally. On both sides of the dollar’s Read more…
The 2021-2022 Great Real Estate Rush was a sight to see. With things cooling down, many homebuyers have regrets. U.S. homebuyers spent two years giving up leverage, overpaying for houses, and rushing through short cuts Read more…
EUR/USD weakens over bleak outlook The US dollar remains strong over the prospect of sustained rate hikes. The euro’s failure to defend the parity level has revealed a lack of confidence in Europe’s outlook. An Read more…
Car-sharing apps are offering many a not-so-insignificant source of supplementary income. While Airbnb (ABNB) – Get Airbnb Inc. Report rentals have launched many people’s side hustles into full-time careers, car-sharing apps were always designed to be Read more…
“We must keep at it until the job is done,” Chairman Jerome Powell said of the Fed’s inflation fight. Federal Reserve Chairman Jerome Powell said Friday that U.S. economy is likely to need higher rates, Read more…
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Markets: As was the case earlier this week, markets couldn’t do anything else but guessing which clues Fed Chair Powell will give on the Fed’s intentions in the new era where ‘forward guidance’ is decisively Read more…
Personal income rose 0.2% month-on-month (m/m) in July, below the consensus estimate (+0.6% m/m) and slower than June’s upwardly revised pace of +0.7% m/m. The gain was led by employee compensation of employees (+0.8% m/m) Read more…