Economy

After the release of unexpectedly weak U.S. jobs data, Richmond Federal Reserve President Thomas Barkin made it clear that he was not ready to change his monetary policy outlook. He acknowledged that the job growth was weaker than expected, but emphasized that he does not try to prejudge meetings or provide guidance on rate cuts.

The weaker than expected July nonfarm payrolls report sent shockwaves through the market, causing many to fear the worst and anticipate aggressive rate cuts from the Federal Reserve. With nonfarm payrolls only increasing by 114,000, missing the expected 179,000, and the unexpected rise in unemployment to 4.3%, it seemed like a grim outlook for the

The latest report on US job growth in July has brought some concerning news for the economy. The slowdown in job creation, with only 114,000 jobs added, falling short of the expected 175,000, has raised fears of a deteriorating labor market. This, in turn, could pose a significant risk to the overall economy, potentially leading

As the week comes to a close, investors are bracing themselves for another turbulent day in the markets. Following the release of a weaker-than-expected ISM report on U.S. manufacturing, concerns about the global economic outlook have resurfaced. This has led to a significant sell-off in risk assets, with traders now doubting the Federal Reserve’s ability

The advisory board to the German Finance Ministry has raised concerns regarding the three options being considered to address the 17 billion euro budget shortfall. According to a letter obtained by Reuters, the board finds these options problematic and potentially risky. The options include utilizing additional funds from the state bank KfW, converting grants from

As the European Central Bank grapples with an economy that is struggling, ECB policymaker Yannis Stournaras has raised concerns about the impact on inflation. Stournaras, known for his support for lower interest rates, emphasized in an interview that the ongoing weak economic activity in the euro zone is likely to push inflation below the target

During the recent Federal Open Market Committee (FOMC) meeting in July, Chairman Jerome Powell hinted at the possibility of a rate cut in September. While Powell did not provide specific guidance, his comments suggested that the committee is moving towards implementing a reduction, contingent on favorable inflation data. The market eagerly anticipates this potential rate

China’s manufacturing activity in July shrank for a third consecutive month, as shown by an official factory survey on Wednesday. This trend has raised concerns among experts and economists about the need for more stimulus measures from Beijing due to a prolonged property crisis and job insecurity impacting overall growth. The official Purchasing Managers’ Index

British finance minister Rachel Reeves has recently announced plans to raise taxes in the upcoming budget scheduled for October 30th. This decision comes as a response to a 22 billion pound shortfall in this year’s budget, highlighting the need for additional revenue to cover government expenses. Reeves, who assumed her role after the Labour Party’s

Oil prices are facing significant pressure due to a softening demand outlook, according to recent reports. The worries over Chinese demand have overtaken concerns about tensions in the Middle East or Venezuela, causing traders to turn into sellers. Brent crude futures hit a low of $79.36, signaling a bearish sentiment in the oil market despite

The newly appointed finance minister, Rachel Reeves, wasted no time in highlighting the dire state of Britain’s public finances. She revealed that her Conservative predecessor had left public spending on track to exceed budgets by a staggering 21.9 billion pounds for the current year. To address this, Reeves announced immediate 5.5 billion pounds of cuts

As the Federal Reserve officials prepare for their upcoming meeting, the market anticipates that they will keep rates unchanged. However, there is a strong belief that a 25 basis point rate cut could be on the horizon for the September meeting. Evercore ISI strategists suggest that while the Fed is laying the groundwork for a