Bank of America CEO Discusses Economic Slowdown and Fed Cutting Interest Rates
Bank of America CEO Brian Moynihan expects the U.S. financial system to decelerate in the course of subsequent 12 months. The government additionally famous that...
Billionaire ‘Bond King’ Jeffrey Gundlach Warns US Dollar’s Reserve Currency Status at Risk Due to Rising National Debt
Renowned billionaire Jeffrey Gundlach, also called the “Bond King,” has raised issues over the potential threat to the U.S. greenback’s reserve foreign money standing attributable...
Fed’s Powell Hints at Continued Elevated Rates; Fedwatch Tool Indicates Near-Certain Hike Next Month
Federal Reserve Chair Jerome Powell harassed on Thursday the U.S. central financial institution stays dedicated to bringing down inflation and can keep restrictive financial coverage...
Powell: More Rate Hikes May Be Needed to Curb Inflation
The chairman of the U.S. Federal Reserve, Jerome Powell, warned on Friday that inflation stays too excessive and signaled the central financial institution might proceed...
S&P Downgrades 5 Regional US Banks Amid Challenging Banking Environment
On Monday, S&P Global Ratings slashed scores for 5 U.S. regional banks, pointing to the strenuous working environment plaguing the sector for the reason that...
Legendary Investor Jeremy Grantham Predicts Inevitable US Recession, Challenges Fed’s Forecast
A good portion of buyers and monetary organizations surmise that the U.S. might avert a recession, however Jeremy Grantham, the co-founder of funding agency Grantham...
US Inflation Climbs to three.2% in July, Stoking Concerns and Dividing Market Opinions
The most up-to-date information from the Bureau of Labor Statistics reveals a growingly intricate inflationary situation for the U.S. economic system. Disclosed on Thursday, the...
JPMorgan Economists Discard Prior Recession Prediction, Foresee US Economic Resilience
JPMorgan’s economists have jettisoned earlier predictions of an impending U.S. recession. Their chief U.S. economist, Michael Feroli, is assured that the American financial system will...
QI Research’s DiMartino Booth Foresees ‘Full Damage’ Yet to Unfold in US Banking Sector
Danielle DiMartino Booth, holding the twin roles of CEO and chief strategist at QI Research, foresees that the 22-year peak in rates of interest set...
ECB Tightens Grip With twelfth Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns
The European Central Bank (ECB) has raised the benchmark financial institution charges by 25 foundation factors (bps) citing that inflation was down however nonetheless remained...