Economics Archives - Page 30 of 276

2 minute read

Larry Summers Says June Rate Cut Could Be ‘Dangerous And Egregious Error’ After Hotter-than-Expected March Inflation Data

April 11, 3:39 AM

Inflationary environment should not come as a surprise given the growth momentum, loose financing condition and depressed jobless rate, says Larry Summers.

TIP

2 minute read

US Overtakes China As Taiwan’s Biggest Export Market For The First Time In Over 20 Years

By Benzinga Neuro

April 11, 3:27 AM

Recent trade data has shown that the U.S. has now become the leading destination for Taiwanese exports, overtaking China.

TSM

2 minute read

Fed Minutes Reveal Growing Unease Over Inflation Path: Not ‘Merely Statistical Aberrations’

By Piero Cingari

April 10, 2:27 PM

March FOMC minutes reveal growing uncertainty among Fed members about future monetary policy and concerns about rising inflation.

SPY

2 minute read

Stocks Sink On Worrisome Inflation Data, Yields Spike On Rate Cut Delays, Dollar Rallies: What’s Driving Markets Wednesday?

By Piero Cingari

April 10, 1:12 PM

An inflation surprise greeted investors on Wednesday, sparking significant apprehension about the future of interest rates.

AMT

5 minute read

Raise Cash, New Data Shows Hotter Inflation – Momo Gurus Wrong Again, Bull Market Intact

By The Arora Report

April 10, 11:36 AM

To gain an edge, this is what you need to know today. Raise Cash It is time to increase cash by 4%. Hedges were recently raised. Please see the protection band section below.

AAPL

1 minute read

‘President Biden Plans Order To Limit Southern Border Crossings By End Of Month’ – Axios

By Benzinga Newsdesk

April 10, 8:21 AM

https://www.axios.com/2024/04/10/biden-border-executive-order-immigrants-asylum-limitPresident Biden used an interview with Spanish-language broadcaster Univision that aired Tuesday to send a massive signal that he plans

SPY

2 minute read

Fitch Revises China’s Credit Outlook To Negative Amid Economic Challenges

By Benzinga Neuro

April 10, 7:35 AM

The revision reflects concerns regarding China's public finances amid prevailing economic uncertainties.

MCHI

3 minute read

US Stock Futures Muted Hours Before Inflation Data Release: Analyst Sees S&P 500 Likely Retesting Highs On Milder CPI Reading

By Shanthi Rexaline

April 10, 6:40 AM

Stock futures are all in the green early Wednesday as traders factor in tame March inflation data. A hotter-than-expected number may not result in a big pullback, given the recent consolidation, said value investor and New York University Professor Aswath Damodaran.

3 minute read

Will March Inflation Data Break Tech Rally’s Back? Why Wall Street’s ‘Dean Of Valuation’ And Gene Munster Are Worried, But Paul Krugman And Other Economists Are Not

By Shanthi Rexaline

April 10, 3:00 AM

Economists generally predict a slight slowdown in the month-over-month inflation rate, with consumer prices and the core reading potentially rising by 0.3% in March compared to 0.4% in February.

TIP

2 minute read

Bond Trader Places Largest-Ever Bet On Fed Rate Cuts In 2024 Ahead Of March Inflation Report

By Piero Cingari

April 9, 5:11 PM

Record-breaking bet placed on Dec. 2024 short-term interest rate futures, anticipating Fed rate cuts due to strong economic data and high inflation.

IEF