Researchers say Black infants may be more at risk while about 80% of homes had detectable levels of lead in tap water
ONE FED – TWO DEBTS U. S. Owes Fed. Fed Owes Us! Most Americans think of the Federal Reserve – if at all – as owning much of the debt owed by the federal government, managing interest rates and set…
The best savings account and CD rates are still at or near 20-year highs. But where will they head from here? Here's what we learned today from the latest Fed meeting.
We are often bombarded with fear-mongering and shocking headlines that make us feel that the world is falling apart.
Textiles S&P revises global economic forecast following US Fed decision 06 May '24 3 min read Pic: Adobe Stock Insights S&P Global has adjusted its global economic forecasts following the US Fed's recent FOMC meeting, expecting to begin fed funds rate cuts in December, continuing until late 2026. These changes also affect key US government interest rates. Despite these revisions, the overall projections remain aligned with the March 2024 Credit Conditions Committee outcomes. Following the recent US Federal Open Market Committee (FOMC) meeting, new expectations for the Federal Reserve's fund rates have prompted adjustments to global economic forecasts by S&P Global. The firm anticipates initiating cuts to the Fed funds rate in December this year, with the adjustments expected to continue through to late 2026. These revisions also impact key US government and mortgage interest rates.In Europe, despite a general alignment with US monetary adjustments, central banks like the European Central Bank (ECB) and the Riksbank are gearing up for rate cuts as early as June and May respectively, diverging slightly from the US approach. The Fed's recent policy decisions have had a mild impact on European currencies and financial conditions, with European currencies experiencing slight depreciation and a modest rise in bond yields compared to US Treasuries. This phenomenon is partly due to the Swiss National Bank’s (SNB) earlier rate cuts in March and anticipated cuts by other central banks in the region.S&P Global has adjusted its global economic forecasts following the US Fed's recent FOMC meeting, expecting to begin fed funds rate cuts in December, continuing until late 2026. These changes also affect key US government interest rates. Despite these revisions, the overall projections remain aligned with the March 2024 Credit Conditions Committee outcomes.The Asia-Pacific region is bracing for a slowdown in the pace of policy rate reductions, as central banks there recalibrate their strategies in response to the US developments. The sensitivity of the region to capital flows and exchange rates, influenced by interest differentials with the US, prompts this cautious approach. In particular, Japan has postponed its next Bank of Japan rate increase to 2024 from 2025, reflecting the nuanced adjustments across the region, according to the recent global economic update by S&P Global.Emerging markets outside Asia are also adjusting to the delayed US rate cuts, with monetary policy normalisation expected to take longer. Central banks in countries like Brazil, Chile, and Peru are predicted to slow their rate-cutting measures in the upcoming months. Meanwhile, others such as Mexico may pause their monetary easing before resuming later this year, and nations like South Africa might delay their rate reductions even further.This comprehensive adjustment across global economies reflects a dynamic response to the US Federal Reserve's monetary policy shifts. The feedback effects through exchange rates and financial conditions demonstrate the interconnected nature of global financial markets. S&P Global continues to monitor these developments closely, reaffirming its current scenario but also noting increased risks to European long-term yields, potentially revising upwards by 30 to 40 basis points over 2025.These recent revisions have not significantly shifted the forecasts for other essential economic variables from the projections set during the March 2024 Credit Conditions Committee. Fibre2Fashion News Desk (DP) More S&P Global Ratings News... More Textiles News - Global...
US Ambassador Woody Johnson criticises warnings about chlorine-washed chicken and hormone-fed beef.
We are often bombarded with fear-mongering and shocking headlines that make us feel that the world is falling apart.
We are often bombarded with fear-mongering and shocking headlines that make us feel that the world is falling apart.
Textiles Most US Fed districts report little or no change in economic activity 10 Mar '24 2 min read Pic: Adobe Stock Insights Most of the 12 US Fed districts reported little or no change in economic activity since the prior Beige Book period. Of the four districts that differed, three reported modest growth and one a moderate drop. Contacts from nearly all districts reported decreases in manufacturing activity. nearly all districts cited one or more signs of a cooling labour market. A majority of the 12 US Federal Reserve (Fed) districts reported little or no change in economic activity since the prior Beige Book period. Of the four districts that differed, three reported modest growth and one a moderate decline.The Beige Book, officially known as the Summary of Commentary on Current Economic Conditions by Federal Reserve District, is a report published by the United States Federal Reserve eight times a year. Each Beige Book is issued approximately two weeks before the Federal Open Market Committee (FOMC) meets to decide on monetary policy, making its publication period roughly every six weeks.Most of the 12 US Fed districts reported little or no change in economic activity since the prior Beige Book period. Of the four districts that differed, three reported modest growth and one a moderate drop. Contacts from nearly all districts reported decreases in manufacturing activity. nearly all districts cited one or more signs of a cooling labour market.Consumers delivered some seasonal relief over the holidays by meeting expectations in most districts and by exceeding expectations in three districts, including in New York, which noted strong holiday spending on apparel, toys, and sporting goods, according to the latest Beige Book.In addition, seasonal demand lifted airfreight volume from e-commerce in Richmond and credit card lending in Philadelphia.Contacts from nearly all districts reported decreases in manufacturing activity.Overall, most Fed districts indicated that expectations of their firms for future growth were positive, had improved, or both.Seven districts described little or no net change in overall employment levels, while the pace of job growth was described as modest to moderate in four Districts. Two districts continued to note a tight labour market.However, nearly all districts cited one or more signs of a cooling labour market, such as larger applicant pools, lower turnover rates, more selective hiring by firms and easing wage pressures.Six districts noted that their contacts had reported slight or modest price increases, and two noted moderate increases. Five districts also noted that overall price increases had subsided to some degree from the prior period, while three others indicated no significant shift in price pressures.Firms in most districts cited examples of steady or falling input prices, especially in the manufacturing and construction sectors.Districts also noted that increased consumer price sensitivity had forced retailers to narrow their profit margins and to push back in turn on their suppliers' efforts to raise prices. Fibre2Fashion News Desk (DS) More Textiles News - United States Of America...
FOMC Voting Changes Sees Slightly More Dovish Fed for 2021
Yesterdays post-Fed rally erased. | Economy
The new data suggests US inflation is cooling — and likely puts the country’s central bank on track to ease borrowing costs just before the presidential election.
The Federal Reserve's recent decision on interest rates and the release of US inflation data have captured the attention of European markets. On June 12,
The US central bank increases interest rates for the eighth time since 2015.
We are often bombarded with fear-mongering and shocking headlines that make us feel that the world is falling apart.
Fed Rate Cut Coming Featured
Rothschild’$ Exposed: $500 Trillion Worth Includes: Bank of England, Reuters News, Associated Press, ABC, CBS, NBC, CNBC, CNN, Royal Dutch SHELL, Israel, Federal Reserve Bank (FED), US/UK Governmen…
The Federal Reserve, led by Chairman Jerome Powell, hints at a potential rate cut this year. This move, if implemented, would mark a significant shift in
Mit Spannung erwartet: Die Fed hat auf die Inflation reagiert – mit einer historischen Erhöhung des Leitzinses.
With everything that’s happened in 2020—the Covid-19 pandemic, the natural disasters, all the loss and fear—it’s easy to lose hope. But don’t despair! We’re so busy focusing on just the negative news that we’re ignoring the wholesome, heartwarming, and inspiring things happening around us each and every day.
The US Federal Reserve today hiked interest rates for the tenth time in a row in what could be its final move.
Textiles Asia-Pacific at economic crossroads in Q2 2024: S&P Global 29 Mar '24 2 min read Pic: Adobe Stock Insights At a pivotal moment in Q2 2024, the Asia-Pacific region is navigating a delicate balance between economic growth, inflation, and adjustments in monetary policy. Despite US progress on inflation, challenges remain with a possible cautious Fed rate cut. The region opts for a cautious policy approach, with trade-dependent economies expected to grow. In the second quarter (Q2) of 2024, the Asia-Pacific region stands at a crucial juncture, with economies across the board navigating the intricate balance between growth, inflation, and the timing of monetary policy adjustments, according to a report by S&P Global Ratings.The report sheds light on the regional economic trends, emphasising the significant progress made by the US in curbing inflation in 2023 against a backdrop of sustained economic activity. Despite these advancements, the enduring strength of the economy and a tight labour market pose challenges to further disinflation efforts. Notably, there has been a recent uptick in core inflation, signalling potential hurdles ahead for policymakers.The US Federal Reserve is projected to adopt a cautious approach in the coming months. Current projections suggest the initiation of a monetary policy easing cycle with a 25-basis-points rate cut around mid-2024, followed by two additional reductions throughout the year, cumulatively amounting to a 75 basis points decrease, setting the rate at 4.5 per cent-4.75 per cent. This revised forecast, leaning towards a more conservative rate-cutting strategy, emerges in response to stronger-than-expected economic growth in the final quarter of 2023. The surprising economic resilience has prompted an upward revision in the US growth forecast for 2024 to 2.4 per cent, up from an earlier estimate of 1.5 per cent, as per the Economic Research: Economic Outlook Asia-Pacific Q2 2024 report.At a pivotal moment in Q2 2024, the Asia-Pacific region is navigating a delicate balance between economic growth, inflation, and adjustments in monetary policy. Despite US progress on inflation, challenges remain with a possible cautious Fed rate cut. The region opts for a cautious policy approach, with trade-dependent economies expected to grow.Within the Asia-Pacific region, the economic outlook is characterised by a cautious stance towards monetary policy easing. Countries across the region are carefully weighing their options, striving to strike a balance between fuelling economic growth and managing inflationary pressures. The region's diverse economic landscape presents a variety of challenges and opportunities for policymakers as they navigate through the complex global economic environment. The focus remains on achieving sustainable growth while keeping inflation in check, highlighting the need for strategic patience and precision in policy adjustments.Among developed economies, S&P Global projected growth to pick up in trade-dependent developed ones such as South Korea, Taiwan, and Singapore; and fall in relatively domestic demand-led ones such as Japan and Australia. For Asian emerging market (EM) economies, S&P Global generally projected robust growth, with India, Indonesia, the Philippines, and Vietnam in the lead. Fibre2Fashion News Desk (DP) More S&P Global Ratings News... More Textiles News - Asia...
Lock in these attractive dividend picks before the Fed starts slashing interest rates.
First-quarter GDP gives the bears some argument that the economy isn't chugging along just fine, but it is still growth at the end of the day.
It's trying to rescue the financial system. The populist outrage over this is misplaced.
The Fed is ready to roll!
