France has found itself in a precarious financial situation, with the need to reduce its public deficit looming large. The country’s budget deficit could potentially increase unexpectedly this year and the next if additional savings are not identified. This puts France in a challenging position as it struggles to navigate a deepening political crisis. In
Egypt’s inflation forecast has been a topic of interest, with expectations of a decrease for the sixth consecutive month in August. This decline has been attributed to a favourable base effect. However, analysts warn that there is a possibility of an increase month on month due to a series of government-led price hikes. These hikes
The recent US Jobs Report showed an increase of 142k jobs, which may have an impact on the USD/JPY pairing. However, the focus will likely shift to other economic indicators to determine the direction of the currency pair. The upcoming Michigan Consumer Sentiment Index is expected to show a slight increase from August to September.
Janet Yellen, the current U.S. Treasury Secretary, hinted at her retirement plans during the Texas Tribune Festival in Austin, Texas. When asked whether she would continue serving in her role after President Joe Biden’s term ends in January, Yellen responded by saying she is “probably done.” This statement suggests that Yellen may not be seeking
The year 2024 has seen a remarkable increase in exchange-traded fund (ETF) inflows, with monthly records already being surpassed. To add to this surge, industry managers believe that these inflows could witness a significant impact from the ongoing money market fund boom before the year concludes. According to Nate Geraci, the president of The ETF
The streets of France were filled with protesters over the weekend, as President Emmanuel Macron’s decision to appoint Michel Barnier as prime minister sparked outrage. The move, seen as a betrayal by left-wing parties, has led to accusations of stolen legislative elections and a threat of a potential no-confidence vote. Macron’s selection of the 73-year-old
The beloved public garden in lower Manhattan, Elizabeth Street Garden, is facing potential eviction to make way for a housing development project. The garden, built in 1991 on leased city land, has become an urban oasis in the densely crowded Little Italy neighborhood, immortalized in films like “Mean Streets” by Martin Scorsese. Despite opposition from
The idea of a U.S. manufacturing resurgence has been a hot topic in political circles lately, with promises of revitalizing the industrial strength that the American economy once boasted. Both the Trump and Biden administrations have rolled out ambitious plans to reshore manufacturing, including tariffs, tax incentives, and significant government investments. However, analysts at Alpine
Thailand’s Prime Minister Paetongtarn Shinawatra has outlined her plans to kickstart the economy following her recent appointment. In a special cabinet meeting, she discussed policies that will be presented to parliament as her administration officially begins its term. Paetongtarn emphasized the need to continue the economic initiatives of her predecessor while making necessary adjustments. These
Recent reports from Bloomberg News indicate that the U.S. Federal Reserve and other regulators are gearing up to announce significant revisions to proposed bank capital rules. These changes, expected to span up to 450 pages, will focus on operational risk provisions, including adjustments to the capital requirements for business lines such as wealth management and
When considering making any financial decisions, it is crucial to conduct thorough due diligence. This involves researching and analyzing all relevant information before moving forward. Without proper due diligence, one may make uninformed decisions that could potentially lead to financial loss. It is essential to take the time to understand the risks and benefits associated
Gold prices have seen a resurgence in recent days, with a troy ounce of the precious metal currently priced at 2517 USD. This increase comes as the market eagerly anticipates the release of August’s US employment report, which could have a significant impact on the Federal Reserve’s interest rate policies. Given the recent signals of