Tag: economic forecast
Treasury Secretary Bessent Warns of Looming Financial Crisis
Treasury Secretary Scott Bessent, in a recent interview with CNBC on March 13th, 2025, issued a stern warning about the looming threat of a financial crisis. Bessent, a seasoned expert in economic affairs, highlighted...
September Inflation Rate Surpasses Expectations at 2.4%, Jobless Claims Reach Highest Since August 2023
In September, the inflation rate in the United States exceeded expectations, reaching 2.4%. This increase was driven by a 0.2% rise in the consumer price index, pushing the annual inflation rate above the forecasted...
Potential Recession Ahead: Jamie Dimon’s Outlook and Predictions
JPMorgan Chase CEO Jamie Dimon recently shared his thoughts on the current state of the U.S. economy, expressing his belief that the likelihood of a recession is higher than a "soft landing." Dimon stated...
Chicago Fed Report: Economic Growth Decline in June
The Chicago Federal Reserve's National Activity Index (CFNAI) is a key indicator of economic activity and inflationary pressure, based on 85 monthly indicators. In June, the CFNAI fell to +0.05 from +0.23 in May,...
Navigating Challenges: IMF’s Outlook on Inflation Trends
The International Monetary Fund (IMF) recently issued a warning about the increasing risks of inflation, which could impact the possibility of multiple interest rate cuts by the Federal Reserve this year. According to the...
Inflation Report: Traders Confident in Fed Rate Cut for Thursday’s Key Announcement
The inflation report that is highly anticipated is set to be released on Thursday and it may confirm the expectations for the Federal Reserve to reduce interest rates in the upcoming months. The report...
UK Data Analysis: Impact of Labour Win on Pound – Action Forex
The UK economy has shown signs of improvement, with GDP growing by 0.7% in the first quarter of the year. Analysts are now expecting a 0.2% increase in GDP for the month of May,...
Goldman Sachs Predicts Soft Landing for US Economy, Expects Fed Rate Cut in September
Goldman Sachs recently made a prediction about the US economy, stating that they expect a soft landing. They also anticipate that the Federal Reserve will cut interest rates in September. This news has caught...
Bank of Korea to Maintain Rates in July, Cut 25 bps in Q4: Reuters...
The Bank of Korea (BOK) has decided to keep its policy rate at 3.50%, which is the highest in 15 years. However, a Reuters poll suggests that the rate is expected to be cut...
Goldman Sachs Analysis: UK Economic Outlook Under Labour Government | Forexlive
The UK election took place on Thursday, July 4, 2024, and the Labour Party emerged victorious in a landslide victory. According to a report by Goldman Sachs, the economic outlook under a Labour government...
Top Eco Data Analysis for 7/1/24 – Actionable Insights | Forex News
The eco data analysis for July 1st, 2024, provides insights into various economic indicators across different countries. Let's take a closer look at some of the key data points:In Japan, the Tankan Large Manufacturing...
Preparing for a Canadian Recession: Expert Strategies for Success
Foreign exchange trading is a risky venture that may not be suitable for all investors. It involves leverage, which can increase the level of risk and potential loss. Before engaging in foreign exchange trading,...
UK Services PMI for June Falls Below Expectations – Forexlive
The UK Services PMI for June fell below expectations, with a reading of 52.9 compared to the prior 51.2. The Manufacturing PMI came in at 51.4, slightly higher than the expected 51.3, while the...
Bank of England August Rate Cut Review: Action Forex Analysis
The Bank of England (BoE) has decided to keep the Bank Rate unchanged at 5.25% as expected. The vote split remained the same as in the May meeting, with 7 members voting for no...