Jerome Powell’s Hawkish Shift May Be Just Beginning
Jerome Powell’s Hawkish Shift May Be Just Beginning Bloomberg Will the Fed Cut Rates? What 60000 Headlines Say About Its Next Move Bloomberg Bloomberg Businessweek: Powell Pivot Bloomberg What 60,000 Headlines Say About the Fed’s Next Move Forex Factory Jerome Powell’s Crucial Week Analyzed Barchart
Corporate earnings solid so far, despite threats from a slowing economy and sticky inflation
Despite the concern of higher for longer interest rates, first-quarter earnings are running 5.6% above the same period a year ago. About 78% of companies reporting first-quarter earnings are beating estimates, and they are beating those estimates by an unusually…
The Ultra Wealthy Have Their Own Separate World of Real Estate
Listen to Odd Lots on Apple PodcastsListen to Odd Lots on SpotifySubscribe to the newsletter In the past, the most expensive housing in any major city would be connected in some way to the economics of the city itself. If…
Europe’s Debt Is Rising Again as Politics Erodes Budget Resolve
Some of Europe’s most indebted governments are heading for a painful reckoning this year as their ambitions to cut down on borrowing collide with political reality. After years of a no-limits approach to spending when the continent navigated pandemic shutdowns…
Japanese yen touches 160 to the dollar; Asia stocks rise as Fed meeting looms
An Hour Ago Japanese yen weakens to 158 against the dollar The Japanese yen weakened to 158.43 against the U.S. dollar, touching a fresh 34-year low. On Friday, the Bank of Japan held interest rates steady at the end of…
Musk makes surprise visit to Beijing as Tesla’s China-made cars pass data security rules
Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023….
Weaker Yen Keeps Japanese Tourists at Home While Visitors Throng
Once renowned as avid overseas tourists, the Japanese are staying closer to home these days. A weaker yen, high air fares and tepid wage growth are keeping outbound travel stuck well below pre-pandemic levels. Just 1.22 million ventured abroad in…
Argentina’s Monthly CPI to Fall Below 10% in April, Milei Says
Monthly inflation in Argentina could fall below 10% in April, a sign that the government’s policies are working, President Javier Milei said Sunday in a phone interview with LN+. “Wages are already starting to beat inflation,” Milei said. “The fight…
Fed Rate-Cut Debate Shifts From When Toward If on Inflation Data
The debate for the Federal Reserve is beginning to shift from how many times to cut interest rates this year to whether to cut them at all in 2024. Policymakers are widely expected to hold rates steady at a more…
Germany Mulls Scaling Back Scrutiny of Chinese Investments: WSJ
Germany is considering scaling back plans to tighten government screening of Chinese investments, the Wall Street Journal reportedBloomberg Terminal. A decision to ease back from a planned foreign investment-screening law had become likelier due to fears that scrutiny on Chinese…