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Tag: Economy


News

Georgia Inflation Eases Further In May

June 2, 2023

Via: Markets Insider

Georgia’s consumer price inflation eased for the eighth successive month in May, though it remained strong overall, figures from the National Statistics Office of Georgia showed on Friday. The consumer price index, or CPI, increased 1.5 percent yearly in May, […]


Finance Tech, Liquidity

Retreat in US Yields Supports Gold, But for How Long? XAU/USD, XAU/EUR Price Setups

May 31, 2023

Via: DailyFX

Gold rose on Tuesday, tracking the decline in US Treasury yields after a deal in Washington to raise the government’s debt ceiling, potentially averting a catastrophic government default. But is the short-term downtrend in the yellow metal over? Yields on […]


Education, Industries

Education faces flat funding under debt ceiling deal

May 30, 2023

Via: Education Dive

Federal education funding and all nondefense spending would stay flat in fiscal 2024 and get a 1% increase in fiscal 2025, according to a negotiated budget deal made over the Memorial Day weekend in an effort to prevent the country […]


News

EUR/USD Inches Up Despite Stronger US PCE Inflation Numbers

May 26, 2023

Via: DailyFX

The week’s big news was that Germany slipped into recession in 2023’s first quarter. It’s by far the Eurozone’s largest national economy, and usually among its most successful, so naturally this news has weighed on sentiment toward the single currency. […]


News

A U.S. recession would be ‘good news’ for markets, strategist says

May 26, 2023

Via: CNBC

A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management. U.S. consumer price inflation eased to 4.9% year on year in April, its lowest […]


Education, Industries

House Republicans again take Biden’s student loan policies to task

May 25, 2023

Via: Education Dive

Policymakers across the political spectrum have expressed a desire to rework the federal student loan program, whose portfolio has ballooned to more than $1.7 trillion as college costs soared. However, they deviate on party lines on the best way to […]


News

Here are ways retirees can protect nest eggs during a stock market rout

May 25, 2023

Via: CNBC

The federal debt-ceiling standoff and the specter of a possible recession on the horizon may mean turbulent times ahead for the stock market — and that’s especially worrisome for retirees who rely on their investment portfolios for income. Retirees are […]


Finance Tech, Trading

Stock market today: Wall Street drops as markets tumble worldwide

May 24, 2023

Via: ABC News

Wall Street fell again Wednesday as stocks tumbled worldwide on worries about the economy. The S&P 500 dropped 0.7% after House Speaker Kevin McCarthy said Republicans and Democrats remain “far apart” in their efforts to prevent a potentially disastrous default […]


News

Fed Minutes Point To Uncertainty About Interest Rate Outlook

May 24, 2023

Via: Markets Insider

The Federal Reserve released the minutes of its May monetary policy meeting on Wednesday, indicating uncertainty about the outlook for interest rates. The minutes revealed participants generally agreed that in light of the lagged effects of cumulative tightening in monetary […]


News

USD Price Forecast: Debt Ceiling Optimism Supportive of Dollar Index (DXY)

May 23, 2023

Via: DailyFX

The Dollar Index (DXY) has been dancing to the tune of US debt ceiling negotiations and yesterday’s discussions prompted renewed optimism in global markets. The dollar ticked slightly higher and trades relatively flat this Tuesday morning. While no deal was […]


Education, Industries

US default could hamper colleges’ financial aid and research funding, ACE says

May 23, 2023

Via: Education Dive

Federal policymakers have negotiated for weeks over raising the debt ceiling, with Republicans insisting Democrats agree to spending cuts to secure their cooperation. However, given the likely catastrophic economic consequences of a government default, lawmakers on both sides of the […]


News

What it would mean for the global economy if the US defaults on its debt

May 22, 2023

Via: ABC News

If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone. The repercussions of a first-ever default on the federal debt would quickly reverberate around the world. Orders for […]


Finance Tech, Liquidity

Oil rises further on prospect of improved demand, debt ceiling hopes

May 22, 2023

Via: Investing.com

Oil prices rose in early Asian trade on Tuesday, extending gains into a third straight session as markets bet on an improvement in U.S. fuel demand ahead of the memorial day weekend, while a positive tone from lawmakers on raising […]


Finance Tech, Liquidity

Fed official stresses importance of dollar’s standing

May 19, 2023

Via: Payments Dive

Neal’s remarks come as President Joe Biden and Republican congressional leaders wrangle over whether and under what terms to increase the U.S. debt ceiling to avoid a default. A failure by the U.S. to pay its debts would likely roil […]


Finance Tech, Trading

Stock market today: Wall Street drifts higher with yields

May 18, 2023

Via: ABC News

Stocks rose again Thursday after more companies reported better profits than expected, while yields climbed after a Federal Reserve official cautioned the end to its interest-rate hikes may not arrive as soon as Wall Street hoped. The S&P 500 gained […]


News

US Dollar Price Forecast: DXY Builds on Gains as Yields, Data Improve

May 18, 2023

Via: DailyFX

Last week’s initial jobless claims raised many eyebrows after coming in at 264k, suggesting that tighter financial conditions is beginning to take its toll on the labor market, lowering the chances of another rate hike form the Fed. However, this […]


Finance Tech, Liquidity

Gold Price Forecast: XAU/USD at Risk of Further Downside Below the Psychological $2000 Mark

May 17, 2023

Via: DailyFX

Gold prices have steadied following yesterday’s fall as key support level and 50-day MA come into play. The dollar index (DXY) has strengthened in the early part of the week as the continued deadlock over the US debt ceiling continues. […]


Finance Tech, Liquidity

Americans think gold beats stocks as a long-term investment. Advisors disagree: ‘It’s more like a speculation’

May 17, 2023

Via: CNBC

Americans are upbeat on gold and have soured on stocks — perhaps to their detriment. Twenty-six percent of Americans ranked gold as the best long-term investment in 2023, almost double the 15% who thought so in 2022, according to a […]


Industries, Retail & Wholesale

Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas

May 16, 2023

Via: ABC News

Americans picked up their spending modestly in April, spending money online and dining out, buoyed by a solid job market and a retreat in prices for some things. Car sales also rose despite prices that continue to soar, according to […]


Finance Tech, Liquidity

Crude Oil Boosted by US SPR Buying and Defies Soft China Data. Higher WTI?

May 16, 2023

Via: DailyFX

Crude oil nudged slightly higher on Tuesday after notable gains in the North American session after it was announced 3 million barrels will be bought to replenish the depleted supplies at the Special Petroleum Reserve (SPR). The WTI futures contract […]