Macro Economic Events Archives - Page 11 of 129

2 minute read

Consumer Sentiment Falls In May, Inflation Expectations Strongly Exceed Fed’s 2% Goal: ‘They Now Perceive Negative Developments’

May 10, 10:25 AM

The latest University of Michigan report showed a decline in consumer confidence and a worrying increase in inflation expectations, causing market reactions.

QQQ

2 minute read

Trump’s China Tariff Hikes Could Smother US Economic Growth: Fitch Ratings Sounds Alarm

By Piero Cingari

May 9, 4:10 PM

Fitch Ratings warns of economic fallout from Trump's proposed trade tariffs if he wins 2020 election. US GDP could decline by 0.4-1.1%, and inflation may decrease in long term. US trading partners could see even greater declines, with China, Canada, and Mexico at risk. Trade imbalance blamed on savings and investment disparity, not tariffs.

GXC

2 minute read

Unemployment Claims Surge More Than Expected, Hit 8-Month Peak: Dollar Falls As Traders Bet On Rate Cuts

By Piero Cingari

May 9, 10:44 AM

Unemployment claims rose unexpectedly, signaling weakening labor market. This news caused US Dollar to drop and rate cut expectations to rise.

SPY

2 minute read

Bank Of England Signals Imminent Rate Cuts: ‘More Than Currently Priced Into The Market’

By Piero Cingari

May 9, 9:42 AM

Bank of England keeps interest rates unchanged at 5.25% in May meeting with split vote. Governor hints at potential rate cuts.

EWU

2 minute read

Immigration Rebound Helps Solve US Inflation Puzzle: Goldman Sachs

By Piero Cingari

May 7, 1:47 PM

U.S. immigration rebound stabilizes wages and inflation. The large influx of low-wage labor helped fill shortages.

FVRR

2 minute read

“FDA Expert Committee Will Review MDMA-Assisted Therapy For PTSD Next Month” – Marijuana Moment

By Benzinga Newsdesk

May 7, 11:54 AM

https://www.marijuanamoment.net/fda-expert-committee-will-review-mdma-assisted-therapy-for-ptsd-next-month/The Food and Drug Administration (FDA) is taking the next step in its historic review of MDMA-assisted therapy

CMPS

2 minute read

How China’s Central Bank Gold Buying Frenzy Drove Prices To Record Highs, Attracting Gen Z To ‘Gold Beans’

By Piero Cingari

May 6, 1:14 PM

China's gold acquisitions drive global prices to record highs in April 2024. Cultural and economic factors play a significant role in the country's demand for gold.

BABA

2 minute read

Federal Reserve Dismisses Rate Hike Fears, Labor Market Cools, Apple Lures Investors With Record-Breaking Buyback: This Week In The Market

By Piero Cingari

May 3, 4:15 PM

The stock market breathed a sigh of relief as Fed Chair Jerome Powell eased fears of interest rate hikes amid recent inflation surprises.

AAPL

2 minute read

Fitch Ratings Says ‘U.S Credit Momentum Will Be Tempered By Rate Uncertainty’

By Benzinga Newsdesk

May 3, 3:57 PM

https://www.fitchratings.com/research/banks/us-credit-momentum-will-be-tempered-by-rate-uncertainty-03-05-2024 Fitch Ratings-New York-03 May 2024: Interest rates remain a key risk for U.S. credit following a strong

SPY

4 minute read

U.S. DoT Releases Final Rules To Lower Consumer Costs, Continue U.S. Manufacturing Boom In Batteries And Clean Vehicles, Strengthen Energy Security; Secretary Yellen Says “The Inflation Reduction Act’s Clean Vehicle Credits Save Consumers Up To $7,500…

By Benzinga Newsdesk

May 3, 1:44 PM

https://home.treasury.gov/news/press-releases/jy2323Today the U.S. Department of the Treasury and Internal Revenue Service (IRS) released final rules on the clean vehicle provisions of the Inflation Reduction Act (IRA)