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Table more or less. At this point, weve pushed that back to june. And, you know, i guess what i would say is, i think the risk to our forecast would be skewed towards later. That is, i would say the probability of july is higher than than, you know, may. For more on the fed and the economy is bloombergs reade pickert, who has had some time to digest the data all morning. And if you had to read through all the conflicting signs were seeing, which is the biggest conundrum to you. So, you know, really what we saw in the ppi report was price pressures that were driven from the goods side. So a lot of that was gasoline. But there was a big pop in food as well. And so when we think about where inflation goes from here, were not getting a lot of help from the good side of the economy anymore. So in cpi we also saw that core goods inflation rose after a series of outright declines in deflation. So in terms of thinking about where were going from here, you know, were trying to kind of fed offic ....
Neil thank you, message from wall street to President Biden we are not impressed because of the white house was hoping investors would be wowed by the fiscal discipline that is boasted about the latest federal budget and best teachers have a funny way of showing their amazement, not amazed not wowed and not surprised the white house is bragging about supposedly reducing deficits by 3 trillion over the next ten years tells you all you need to know it leaves out the fine point that deficits will stop average 1. 7 trillion a year over the next ten years, that does not mean 3 trillion that means over the next decade, are you sitting down, its more comfortable, more than 15 trillion in more debt, what theyre bragging about it couldve been 18 trillion and more debt, that is like me saying after gaining 30 pounds over the next ten years it couldve been worse i could again 40 pounds by this rationale im down 10 pounds, no im not im still ....
Rally, hence why we are looking at 5800 level on the china index and puts us back at the start of the year. And tilt coming through. 10year yield at 30. And three cuts. Only three cuts and swaps market and still looking at that. 60,000 level, trading at 57,000 level. That is one watch when it comes to bit coin and ai and no we have the bodes well with the fed and what is markets are listening. And are 7 to 6 to 3. And have we seen a view when it comes to yields. Does it yield . The dots we are showing, a lot of fed speakers coming through on thursday and friday. Speaking of central bankers, starting right now and we will be speaking tomorrow, not wasnt they did anything and probably at the peak and may start cutting rates first half of next year. They may not do anything the first half of and the peak rate was at five points. So, that was a bit of a downward and even though they are hawkish. And had comments they may look at this independently. But there is that side of the market not ....