by Bloomberg.com | Nov 17, 2023 | alerts, Markets/Economy
Financial conditions continue to tighten even as US central bankers do nothing. A failure to respond come next year will risk a recession. Now that there’s a growing consensus that the Federal Reserve is done raising interest rates — a shift I predicted last month —...
by Bloomberg.com | Nov 16, 2023 | alerts, Markets/Economy
US homebuilder sentiment fell to the lowest level this year in November as high mortgage rates kept a lid on housing demand. The National Association of Home Builders/Wells Fargo gauge decreased six points to 34 this month, according to data out Thursday. That was...
by Bloomberg.com | Nov 15, 2023 | alerts, Markets/Economy
Prices paid to producers sank 0.5% in October, core unchanged Decline in goods costs led by gasoline, services prices flat Prices paid to US producers unexpectedly declined in October by the most since April 2020, adding to evidence of abating inflationary pressures...
by Bloomberg.com | Nov 14, 2023 | alerts, Markets/Economy
Reiterates deflationary outlook as CPI comes in soft Says Federal Reserve will need to cut rates ‘significantly’ Cathie Wood said that deflation is already underway in the US across industries and will force the Federal Reserve to kick off a big interest-rate cutting...
by Bloomberg.com | Nov 13, 2023 | alerts, Markets/Economy
More than half of businesses foresee a decline on the year High inflation, global conflicts hurting consumer sentiment More than half of Germany’s retailers in the non-food sector are expecting weaker sales during the key Christmas period due to the negative...
