Soft landing 'increasingly possible' for global economy in 2024: World Bank
Worldwide economic growth is set to slow for the third straight year in 2024 before rebounding in 2025, defying fears of a recession.
Source: yahoo.com
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The S&P 500 might leap 10% to a record high this year - but plunging interest rates could spell trouble for stocks, Wharton professor Jeremy Siegel says
"Wizard of Wharton" Jeremy Siegel expects a strong economy to boost stocks this year, and warned a slew of rate cuts could signal a harsh recession.
Source: yahoo.com
An inflation print and bank earnings: What to know this week
The latest report inflation report and the start of second quarter earnings will greet investors in the week ahead.
Source: yahoo.com
New York Fed: Inflows to reverse repo facility surge, hitting $1.018 trillion
The Federal Reserve Bank of New York said on Friday it accepted $1.018 trillion at its overnight reverse repo facility, as inflows to the central bank liquidity facility surged on the final trading day of the year. The Fed's reverse repo facility exists to put a floor underneath short-term interest rates and is a key tool in the Fed's efforts to influence the economy to achieve its employment and inflation mandates. The facility has seen big inflows over recent years amid strong Fed stimulus work and peaked at a record $2.6 trillion on Dec. 30, 2022.
Source: yahoo.com
Democrat: Fed 'should cut interest rates' or be 'most responsible' for Trump's return
Rep. Ro Khanna (D-Calif.) urged Federal Reserve Chair Jerome Powell on Wednesday to “cut interest rates now” or risk guaranteeing the reelection of former President Trump. “Powell should cut interest rates now given most of inflation was caused by supply shocks,” Khanna said in a post on X, formerly Twitter. “If he doesn’t, he may…
Source: yahoo.com