Oecd raises global growth rate but divides sharply warning that Red Sea situation could push inflation sharply higher

In its 2024 forecast, the OECD sharply raised its forecast for U.S. GDP growth to 2.1% from 1.5%. At the same time, the Paris-based organisation cut its forecast for eurozone growth to 0.6 per cent from 0.9 per cent previously, underlining the divergence

King Charles III of England has been diagnosed with cancer

According to the BBC, the cancer Charles III was diagnosed with is not prostate cancer, but was discovered during his recent treatment for an enlarged prostate. So far, Buckingham Palace has not disclosed the type of cancer, but according to a statement r

Federal Reserve officials have "hit" interest rate cut expectations of US bond yields rose across the board

The US bond market weakened across the board on Monday (February 5) local time, including Powell and other Federal Reserve officials further stressed that it is unlikely to start cutting interest rates soon, and the recent strong economic data made the ma

Feds Kashkari: The economy is so strong theres no need to cut interest rates

Minneapolis Fed President Neel Kashkari said on Monday that while the benchmark interest rate is at its highest level in more than two decades, it is not hurting economic growth, so policymakers can wait and see for a while before deciding whether a rate

Occidental Petroleum (OXY.US)CEO: The oil market will face supply shortages by the end of 2025

Occidental Petroleum Corp (OXY.US) Chief Executive Vicki Hollub said on Monday that the oil market will face supply shortages by the end of 2025 because the world cannot replace current crude reserves fast enough. About 97 percent of the world\'s current

February 6 financial breakfast: Stocks and bonds "double kill"! Expectations of a Fed rate cut in March faded further, and US bond yields rose sharply

BMO Capital Markets analyst Ian Lyngen said: "Given this set of trends over the past few quarters, we are comfortable with the Fed\'s assessment that the regional banking crisis has been contained and that there has not been any contagion to the broa

The resilience of the global economy has delayed the timing of a rate cut, and the dollar has recovered to a near three-month high

The dollar extended its gains as a strong performance from the world\'s largest economy prompted traders to trim expectations for the size of expected interest rate cuts.

Institutional outlook RBA rate decision summary

Analyst Kenny Fisher said the RBA is expected to keep its benchmark rate at 4.35 percent at its first meeting in 2024. Although inflation has been falling and retail sales slumped in December, the RBA has been reluctant to start cutting interest rates sin

The Fed may turn to QE in March to avoid more bank failures, and gold may be the first to react

In the wake of the Fed\'s hawks and a strong U.S. jobs report, markets are now expecting the Fed to cut rates for the first time in May. However, geomacroeconomist and bestselling author Dr. Nomi Prins still believes that the Federal Reserve may make a po

Markets reassess their expectations of Fed rate cuts for the rest of the year; The U.S. economy is improving, and oil prices have stopped falling

The dollar surged to its highest level in about three months after Fed Chairman Jerome Powell\'s latest speech. Following Powell\'s comments on 60 Minutes, traders reassessed their expectations for the number and pace of U.S. interest rate cuts for the re

The outlook for the US economy continues to improve; Us tech bubble?

Amid aftershocks from the jobs report, US stocks fell on Monday after Federal Reserve Chairman Jerome Powell struck a less dovish tone on 60 Minutes, tempering expectations that the central bank would cut interest rates more frequently. Powell\'s policy s

Gold price forecast: Risk sentiment recedes and gold prices move higher, but lack bullish momentum

On Tuesday, gold traded in a tight range and trimmed losses over the past two days to trade near a one-week low of $2,015 that was set to be hit earlier in the Asian session. However, against a backdrop of mixed fundamentals, bearish traders need to tread

Labor cash income and total household spending both missed expectations in December

Both labor cash income and total household spending came in below market expectations on an annualized basis in December, with labor cash income rising 1 percent versus expectations of 1.3 percent, falling short of a 0.7 percent gain from a sharply upward

Us stocks fell after Federal Reserve Chairman Jerome Powell hit back at expectations of a rate cut

Federal Reserve Chairman Jerome Powell made a rare mainstream media appearance in an interview with "60 Minutes" earlier Monday, further shattering widespread market expectations of a rate cut on the rocks of reality. U.S. data further dampened

Fed decision review: Everyone is in risk management mode

Fed Chairman Jerome Powell stressed that the central bank would remain cautious and operate in a "risk management mode," making progress on both sides of its dual mandate. While Powell was upbeat on inflation, he stressed that the Fed would need