Fed’s Waller Sends Shiver Down Investors’ Spines: ‘There Is No Rush To Cut’ Interest Rates
Waller opposes rate cuts and has a cautious approach to Fed interest rates. Uncertainty in inflation progress, data-driven policy.
US Economic Growth Upwardly Revised To 3.4% In Q4, Jobless Claims Slow: Thursday’s Economic Digest
US GDP revised upward in Q4 2023 but still slower than previous quarter. Weekly jobless claims lower than expected. USD index up 0.3% on hawkish Fed remarks.
Wall Street Eyes Muted Open As Caution Prevails Before Key Inflation Data: Analyst Sees Buying Opportunities In Any Pullback
Following Wednesday’s late surge that pushed the S&P 500 Index to a record high, the market sentiment has shifted to cautious.
American CEO Spills Secrets From Xi Jinping Meeting: China’s President Gave ‘Tough Answers’ On Everything From Economy To Chips To Taiwan
In a meeting that reportedly lasted one-and-a-half hours, Xi extolled the Chinese economy, according to a CEO who attended the meeting.
UAE Considers 10-Year ‘Golden’ Business License To Boost Foreign Investment: Here’s What It Means
The proposal was discussed during the inaugural 2024 Economic Integration Committee meeting, chaired by Abdulla bin Touq Al Marri, the Minister of Economy.
JPMorgan’s Chief Global Equity Strategist Warns Of ‘Out-Of-The-Blue’ Stock Market Shock: ‘It Just Might Come One Day’
JPMorgan Chase & Co's clients have been warned by its chief global equity strategist, Dubravko Lakos-Bujas, of a potential "out-of-the-blue" shock to the stock market. This warning comes amid a strong first quarter for stocks.
US Companies In Japan Wary On Market Intervention As Yen Hits 34-Year Low Vs. Dollar
The Japanese yen fell Wednesday to a 34-year low against the dollar, which is a boon for exporters, but imports are more expensive.
Small Caps Rally, Magnificent 7 Ease, Gold Eyes $2,200, Bitcoin Falls Below $69,000: What’s Driving Markets Wednesday?
Wall Street witnessed a mixed session on Wednesday morning trading, with tech giants seeing slight declines while blue chips and small caps recording gains.
Investors On Edge With Consumer Inflation Data Due Friday, Rate Cut Hopes Hang In The Balance
Investors await February's PCE inflation data, key for Fed's rate cut expectations. Economists predict slight increase in annual and monthly PCE and steady core PCE inflation. Market reactions could vary depending on report's outcome.
‘GOP Senators Tell DEA To Reject Marijuana Rescheduling, Arguing It Would Violate International Treaties’ – Marijuana Moment
https://www.marijuanamoment.net/gop-senators-tell-dea-to-reject-marijuana-rescheduling-arguing-it-would-violate-international-treaties/#:~:text=Three%20Republican%20senators%20are%20urging,other%20countries%20continue%20