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BoE's Broadbent: Possible Bank Rate Cut Could Come This Summer
Article By:
FXStreet
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Monday, May 20, 2024 7:52 AM EDT
"If things continue to evolve with its forecasts - forecasts that suggest policy will have to become less restrictive at some point - then it's possible Bank Rate could be cut some time over the summer," Broadbent noted.
In this article: FXB
UK Services Inflation To Make Or Break A June Bank Of England Rate Cut
Article By:
ING Economics
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Monday, May 20, 2024 6:57 AM EDT
The Bank of England is preparing for its first rate cut, and Wednesday’s services inflation data will determine whether that comes in June or August. We think services inflation could come in hotter than expected.
One Year Ahead Inflation Expectations For 2025
Article By:
Menzie Chinn
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Sunday, May 19, 2024 10:30 AM EDT
The SPF year ahead for May is at 2.51%, slightly above the 2.45% that I estimate is consistent with a 2% PCE. Interestingly, with median unit cost growth back at roughly April 2018 levels, there’s little evidence of a wage-price spiral.
Zim Integrated To Shed Light On Dividend Return In Its Earnings
Article By:
Invezz
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Sunday, May 19, 2024 10:00 AM EDT
ZIM Integrated stock price is doing well as investors wait for more clarity on dividends when the company publishes its financial results on Tuesday. It has jumped for two consecutive weeks and is hovering at its highest level since April 2023.
In this article: ZIM
The Inflationary Energy Transition
Article By:
Simon Lack
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Sunday, May 19, 2024 9:30 AM EDT
Ominously for President Biden, opinion polls consistently show voters are unhappy with his economic stewardship. The surge in inflation in 2022 didn’t help, but after believing it to be transitory the Fed responded and it’s now back down.
The Media Are Going Nuts On Tariffs, Why Are They Fine With Government-Granted Patent Monopolies?
Article By:
Dean Baker
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Sunday, May 19, 2024 9:00 AM EDT
There have been numerous pieces in major media outlets in recent days on the death of free trade which have been centered on the Biden administration’s use of tariffs to protect the U.S. market from Chinese EVs, solar batteries, and other products.
In this article: UDN
Zoom Stock: Pandemic Darling Faces A Bleak Future
Article By:
Invezz
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Sunday, May 19, 2024 6:52 AM EDT
Zoom Communications stock price has gone through a prolonged turbulence in the past few years. After surging to $588 during the pandemic, it has dropped to $64, bringing its market cap to $19 billion from a peak of $182 billion.
In this article: ZM
Forex And Cryptocurrency Forecast For May 20 – 24
Article By:
Roman Butko
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Sunday, May 19, 2024 6:37 AM EDT
The American currency suffered two significant blows last week. Although these were not knockdowns, let alone knockouts, these minor shocks pushed the DXY Dollar Index down from 105.26 to 104.20 points, and EUR/USD up from 1.0766 to 1.0895.
What Happened To The Asian Century?
Article By:
EconCurrents
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Sunday, May 19, 2024 6:14 AM EDT
The prospect of the 21st century becoming an ‘Asian Century” is fading from view. The paramount challenge for the West is now learning to live with illiberal regimes and resisting illiberal forces within its own countries.
Crypto Takes Center Stage In U.S. Elections: Insights From Industry Experts
Article By:
Crypto Adventure
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Sunday, May 19, 2024 5:22 AM EDT
Crypto groups mount pressure on US presidential candidates in a level that has never been witnessed before. Former president Donald Trump gives a thumb up for crypto as he softens his stance to win the support of enthusiasts.
Eric Hovde Predicts
Article By:
Menzie Chinn
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Sunday, May 19, 2024 4:32 AM EDT
From December 19, 2023 - Economic Slowdown: The U.S. is likely to enter a recession, with consumers expected to deplete their savings, leading to only one potentially positive GDP quarter in 2024.
Goldilocks Economy News: The Illusion Is Shattering
Article By:
Tactical Investor
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Sunday, May 19, 2024 3:19 AM EDT
Adam Smith emphasized the importance of a balanced economy where the invisible hand of the market operates efficiently to allocate resources. In a Goldilocks economy, this balance is achieved, leading to optimal economic conditions.
Dutch GDP Growth Contracts, But Underlying Developments Seem Positive
Article By:
ING Economics
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Wednesday, May 15, 2024 6:40 AM EDT
The Dutch economy contracted by 0.1 % in the first quarter of 2024 thanks to increased inventories, contracting exports and a negative statistical discrepancy. While this seems worse than expected most expenditures performed better than we’d thought.
For Biotech Stocks To Move Higher, This Must Move Lower
Article By:
Tarun Chandra, CFA
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Wednesday, May 15, 2024 5:26 AM EDT
While biotechs have significantly lagged behind the broader market, there is reason to be optimistic once inflation-related volatility subsides. IBB and XBI present good vehicles for biotech exposure.
Hi Ho, Hi Ho, It’s Off To FX War We Go!
Article By:
Menzie Chinn
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Monday, May 13, 2024 4:28 AM EDT
Well, if the US could drop interest rates while forcing other countries to raise their own, this would (in the absence of whatever turmoil in financial markets this might cause) depreciate the dollar.