by Bloomberg.com | Jan 22, 2024 | alerts, Markets/Economy
The Fed may have to cut more this year than the market expects, says Jason Cummins. 2023 was the year the US economy escaped recession, defying expectations that a dramatic increase in interest rates would weigh on growth. As things stand in early 2024, stocks are...
by Bloomberg.com | Jan 22, 2024 | alerts, Markets/Economy
Deeper Hong Kong selloff shows global pessimism about China Disappointing growth recovery and measured stimulus sour mood A rout in Chinese stocks listed in Hong Kong intensified Monday, pushing their discount to mainland peers to the deepest in fifteen years in the...
by Bloomberg.com | Jan 19, 2024 | alerts, Markets/Economy
Contract closings fell 1% in December, NAR data show Prices hit a record in 2023 as supply remained constrained Sales of previously owned US homes fell in December, capping the worst year for the housing market in nearly three decades. Contract closings decreased 1%...
by Bloomberg.com | Jan 19, 2024 | alerts, Markets/Economy
Weak food demand biggest cause, as families tighten belts Many economists see return to soft inflation levels in 2024 China’s slide into deflation is proving hard for the world’s second-largest economy to arrest. Economy-wide prices last quarter marked their...
by Bloomberg.com | Jan 16, 2024 | alerts, Markets/Economy
The Chinese economy’s debt ratio reached a new record high, according to central bank and statistics bureau data compiled by Bloomberg. The macro leverage ratio — or total debt as a percentage of gross domestic product — inched up to 286.1% in the fourth quarter. The...
