US Conference Board Consumer Confidence rose from 97.8 to 100.3 in July, above expectation of 99.8. Present Situation Index fell from 135.3 to 133.6. But Expectations Index rose from 72.8 to 78.2. Nevertheless, Expectations reading below 80 usually signals a recession ahead. “Confidence increased in July, but not enough to break free of the narrow […]
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The ECB decided to cut its three policy rates by 25bp, in line with market expectations. The most important decision taken today, though, was to remove the pledge to keep monetary policy restrictive. The ECB Read more…
Cruise lines take few things as seriously as gastrointestinal illnesses. They can move quickly from one passenger to the other and rapidly spread through a ship. That’s why hand-washing is encouraged, and hand sanitation stations Read more…
Summary We expect the FOMC will reduce the federal funds rate by 25 bps at the conclusion of its upcoming meeting on December 18 while simultaneously emphasizing that future rate cuts will be slower-going and Read more…