Commentary This weekend, a good man who owns a landscaping business came up to the microphone during a question and answer period following my speech at an event. He posed a simple but sincere question. He has endless demands for his services. He has all the capital he needs. He has a thriving business with…
The Economic Upheaval Has Just Begun
March 7, 2023
admin
Business & MarketsBusiness Columnistsinflationinterest ratesJobs MarketOpinionrecessionU.S. economyViewpoints
0 Comment
UK House Prices Suffer Worst Annual Fall in a Decade, New Figures Show
March 1, 2023
admin
Business & MarketseconomyHouse Pricesinflationinterest ratesInvestmentmortgage ratesrecessionUKWorld
0 Comment
House prices in the UK fell by 1.1 percent year-on-year in February, the biggest annual decline for more than a decade, according to new figures from the Nationwide Building Society. It was the biggest annual house price fall since November 2012, and the first annual decline of UK house prices since June 2020, when the…
Deutsche Bank Forecasts US Recession in Fourth Quarter, Followed by Rate Cut
The U.S. economy will slip into a recession in the fourth quarter, and the Federal Reserve will respond with a rate cut in the following quarter, Deutsche Bank said in a new forecast. The bank updated key economic projections in a research note last week after several developments on multiple fronts. According to Deutsche Bank,…
Deutsche Bank Forecasts US Recession in 4th Quarter, Followed by Rate Cut
The U.S. economy will slip into a recession in the fourth quarter of 2023, and the Federal Reserve will respond with a rate cut in the following quarter, Deutsche Bank said in a new forecast. The bank updated key economic projections in a research note last week after several developments on multiple fronts. According to…
The Bear Market Ain’t Over Till It’s Over
February 23, 2023
admin
bear marketBusiness & MarketsBusiness ColumnistsFederal Reserveinflationinterest ratesInvestmentMarketsstock market
0 Comment
Commentary On Feb. 21, the stock market got hit by a freight train. It surprised a lot of people because unlike the groundhog, they were starting to warm up and think the winter in stocks had ended. After all, the people who identify as technical analysts brought out their charts and showed why the market…
FOMC Members Raised Recession Odds, Warned ‘Uncertainties’ in Inflation Outlooks, Minutes Reveal
February 22, 2023
admin
Business & Marketseconomic policieseconomyFederal Open Market Committee (FOMC)Federal Reserveinflationinterest ratesUS
0 Comment
Minutes from the latest Federal Open Market Committee (FOMC) policy meeting revealed that the policy-making arm of the central bank believes the odds of a recession occurring in 2023 are higher. While inflation is moderating and global economic growth prospects have bolstered market sentiment, there is a growing number of FOMC participants who are anticipating…
Mortgage Rates Surge Back Toward 7 Percent, Sending Demand for Home Loans Down by Double Digits
Mortgage applications plunged as the 30-year fixed mortgage rate inched higher toward 7 percent, a weekly industry survey discovered. For the week ended Feb. 17, the seasonally adjusted Market Composite Index—a measurement of mortgage loan application volumes—declined 13.3 percent, down from the 7.7 percent drop in the previous week, according to the Mortgage Bankers Association…
China’s Exports Will Show Negative Growth This Year: Chinese State-Owned Think Tank
China’s export growth is expected to turn negative in 2023, a prominent Chinese research institute says in a recent report. Meanwhile, Beijing admitted export trade represents “irreplaceable strategic significance” to the country’s economic stability and employment rate. In the past two years, China’s total imports and exports accounted for more than 20 to 30 percent of…
Fed Official Says Central Bank ‘Needs to Raise Rates Aggressively to Put a Ceiling on Inflation’
Minneapolis Fed President Neel Kashkari said on Feb. 7 that the central bank will need to keep aggressively raising interest rates, pointing to a stronger-than-expected jobs report in January. Kashkari told CNBC’s “Squawk Box” that the Bureau of Labor Statistics (BLS) report published on Feb. 3 (pdf) shows that the Federal Reserve’s aggressive monetary tightening policies over…
UK House Prices Stabilised in January, Halifax Figures Show
February 7, 2023
admin
Business & MarketseconomyGlobal Real EstateHouse Pricesinflationinterest ratesInvestmentKwasi Kwartengliz trussmortgagereal estateUKWorld
0 Comment
House prices in the UK stabilised in January following a series of monthly falls last year, according to new figures from the Halifax bank. Halifax said the typical property value remained largely unchanged in January 2023 at £281,684, compared with December 2022. The bank’s House Price Index (pdf) recorded 0.0 percent house price growth in…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`