Job openings in the United States continued to expand last month, despite efforts by the Federal Reserve to slow the economy down and lower record high inflation with massive interest rate hikes. There were 10.7 million job openings at the end of September, a rise from August’s reading of 10.1 million, according to the Department…
US Job Openings Rise in September as Fed Plans Another Large Rate Hike
November 2, 2022
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HK Banking System Balance Expected to Drop Below USD13 Billion Before Next Fed Meeting
October 30, 2022
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The U.S. Federal Reserve is expected to hike the rate again at its meeting Nov 1-2. In Hong Kong, the aggregate balance of the Hong Kong banking system is fast reducing to the HK$100 billion (US$13 billion) safety margin, and the Hong Kong dollar interest rate has risen for 13 consecutive days. Some analysts say…
HK Banking System Balance Expected to Drop Below US$13 Billion Before Next Fed Meeting
October 30, 2022
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Asia & PacificChinaChina Business & EconomyChina Human RightsChinese RegimeFederal ReserveHK BusinessHong Konginterest raterate hikeWorld
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The U.S. Federal Reserve is expected to hike the rate again at its meeting Nov 1-2. In Hong Kong, the aggregate balance of the Hong Kong banking system is fast reducing to the HK$100 billion (US$13 billion) safety margin, and the Hong Kong dollar interest rate has risen for 13 consecutive days. Some analysts say…
[PREMIERING NOW] The Best Way to Fight Inflation: Nick Recce
October 28, 2022
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Nick Reece is vice president of investment strategy at Merk Investments. His research focuses on the market and the economy. Throughout the pandemic, Reece’s predictions for the economy and the stock market have been highly accurate. Now, with the Federal Reserve hiking interest rates in a bid to fight inflation, Reece admits it could do…
The Best Way to Fight Inflation: Nick Reece
October 28, 2022
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Business & Marketseconomic policieseconomyenergyEnergy policyEpochTVFederal ReserveFresh Look AmericainflationInvestmentLive VideosMarketsrecessionUSVideo
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Nick Reece is vice president of investment strategy at Merk Investments. His research focuses on the market and the economy. Throughout the pandemic, Reece’s predictions for the economy and the stock market have been highly accurate. Now, with the Federal Reserve hiking interest rates in a bid to fight inflation, Reece admits it could do…
The US Economy Is Sick
Commentary President Joe Biden has tried hard to sound positive on the U.S. economy. He has told the American people that it is doing better than most other economies. He is correct, but it means little to most Americans. After all, they live here, not in some other economy. And though they are aware U.S….
Fed Seen Hiking Rates Aggressively to 5 Percent, Sparking a Recession: Bloomberg Survey
The U.S. Federal Reserve is expected to maintain its hawkish stance on interest rates during the upcoming meeting in November, according to a group of economists surveyed by Bloomberg. The policy-making arm of the Fed, the Federal Open Market Committee (FOMC), is scheduled to meet on Nov. 2. The survey found that economists expect the…
Unemployment Seen Climbing Much Higher Than Fed Expects as It Fights Inflation: Deutsche Bank
October 26, 2022
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Analysts at Deutsche Bank said in a recent note that the Federal Reserve’s fight to crush inflation could send the unemployment rate as high as 6 percent by the end of 2023, equivalent to around 4 million Americans losing their jobs. After initially downplaying rising inflation as a “transitory,” an embarrassed Fed has moved aggressively…
Stagflation Signs Mount as Fed Manufacturing Index Shows Activity Slump, Inflation Higher
Signs of stagflation are mounting as recent data from the Federal Reserve Bank of Richmond reveal dismal manufacturing activity and elevated inflation weighing down on the U.S. economy. The Richmond Fed’s Manufacturing Index declined from an already low level of zero in September to -10 in October, going below its August level, said an Oct….
Goldman’s Solomon: Fed Could Raise Beyond 4.5–4.75 Percent If No ‘Real Changes in Behaviour’
RIYADH—Goldman Sachs CEO David Solomon said on Tuesday the Federal Reserve said economic conditions will “tighten meaningfully from here” and the Federal Reserve could hike rates beyond 4.5–4.75 percent if it does not see real changes in behavior. “So I too am in the camp that we likely—likely have a recession in the U.S., going…
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