Why BlackRock’s Investment Guru Expects The Fed To Stay Aggressive Despite Market Bounce
BlackRock Inc (NYSE: BLK) Chief Investment Officer Rick Rieder says the firm believes the Fed will raise rates by another 75-basis points in its September Federal Open Market Committee (FOMC) meeting: here’s why.
U.S. Producer Price Index Might Rise By This Much In July, Here Are The Major Macro Issues For Thursday
U.S. stocks closed sharply higher on Wednesday following the release of inflation data for July. Shares of Walt Disney Co (NYSE: DIS) jumped around 6.9% in after-hours trading on Wednesday after the company reported better-than-expected Q3 results.
Putin Is ‘Not Bluffing:’ Analyst Warns Germany Faces ‘Severe Recession’ With Russia Holding Back Gas Supplies
Germany has been reeling under the carpet since the beginning of the Russia-Ukraine and the cut down on the gas supplies has come as another major blow to its delicate economy.
USA CPI (YoY) for Jul 8.500% vs 8.700% Est; Prior 9.100%
USA CPI (YoY) for Jul 8.500% vs 8.700% consensus estimate. The prior reading was 9.100%.
BlackRock Says There Is No ‘Soft-Landing’: Central Banks Will Have To Plunge Economy Into A Deep Recession To Stop Inflation
In the current uncertain macroeconomic environment, the world's largest asset manager, BlackRock Inc (NYSE: BLK), predicts there won't be a "soft landing" and prefers overweight investment grade (IG) credit over standard equities.
World Oil Demand To Rise 2.06M Barrels/Day To 101.49M Barrels/Day In 2023
-Reuters Citing U.S. EIA Data
John Lynch, Comerica Wealth Management’s Executive Sees ‘Pretty Good Decline In Inflation’
John Lynch, Comerica Wealth Management's Chief Investment Officer, says there has been a growth in the money supply. He says the Fed has measured money supply by M2 that surged to a peak of 25% Y/Y in the summer of 21.
China Posts Robust Export Growth For July As Its Major Hubs Open: What This Means For The Global Economy
China’s exports grew 18% to $333 billion dollars in July, up from 17.9% in June, per the Wall Street Journal.