Fed Rate Cuts Expected Despite PPI Increase
Category: Economy Total Views: 212By : Dylan Bailey Updated: 07-13-2024
June Producer Prices Surpass Expectations Amid Rising Service Costs
Rising service costs caused U.S. producer prices in June to rise somewhat more than expected. After unchanged in May, the producer price index (PPI) for final demand climbed 0.2% last month. Forecasts by economists for a 0.1% rise The PPI increased by 2.6% in June, the biggest year-on-year increase since March 2023. Much of this increase in service prices—especially a 1.9% rise in trade services margins&mdas... Read More
Moderate Growth Expected by Central Banks in Coming Years
Category: Economy Total Views: 169By : Addison Perry Updated: 07-11-2024
Geopolitical Conflicts: A Major Risk to Global Economy
By central bank reserve managers, geopolitical conflicts are considered as the most major threat to the world economy. An annual UBS Asset Management survey indicates that the main risk identified by 87% of respondents is growing geopolitical tensions. These conflicts provide a significant obstacle even with a generally good economic picture. Overlooking almost $15 trillion in assets, reserve managers are worried about possibl... Read More
Unexpected Drop in U.S. Consumer Prices for June
Category: Economy Total Views: 197By : Lucas Young Updated: 07-11-2024
Surprising June U.S. Consumer Price Drop
U.S. consumer prices dropped rather suddenly in June. This was a big change from the data of the previous month. After not changing in May, the Consumer Price Index (CPI) sank 0.1%. Many economists who had expected a modest rise were taken aback by this fall. The CPI drop points to a possible inflation cooling. The news strengthens the conviction that the trend of disinflation is starting to pick speed. This surprising decline can affect ne... Read More
Jerome Powell to Address High Loan Costs in Congress
Category: Economy Total Views: 302By : Kelly Martin Updated: 07-11-2024
Introduction: Powell's Upcoming Testimony Before Congress
This week, Federal Reserve chair Jerome Powell will testify before Congress to answer important concerns regarding excessive borrowing rates. Powell is booked to show before the House Finance Committee on Wednesday and the Senate Banking Committee on Tuesday. He will introduce the last week's Fed semiannual report on monetary policy. Legislators will challenge Powell on the Fed's high interest rate policy meant ... Read More
Fed Considers Rule Change to Save Big Banks Billions
Category: Economy Total Views: 195By : Henry Turner Updated: 07-09-2024
Federal Reserve Considers Rule Change to Save Big Banks Billions
Investigating a rule change that might save the biggest banks in the nation billions of dollars in capital is the U.S. Federal Reserve. This action is directed on the GSIB surcharge, an additional layer of capital applied on globally significant banks. Introduced in 2015 to improve the safety and soundness of the banks, the GSIB surcharge The Fed is debating changing the fixed 2015 values used in this computation. Th... Read More