Fed Rate Cut Hopes Dampened by Persistent Inflation and Strong Job GrowthThe possibility of the U.S. Federal Reserve reducing interest rates in 2024 could be impacted by recent economic indicators, including robust job growth and less promising inflation data, potentially postponing rate cuts until summer. Despite inflation receding from its peak, there’s a concern that it may have plateaued around 4%, rather than continuing its descent […] READ MORE Credit Card Debt: America's $1.13 Trillion ProblemThe average American is now shouldering a historically high level of credit card debt. As reported by the Federal Reserve, the total amount owed rose to $1.13 trillion in the final quarter of 2023. This staggering figure is mirrored by the fact that nearly 170 million consumers are currently carrying a balance on their credit […] READ MORE Dimon Highlights Commercial Real Estate's Recession-Contingent FutureJamie Dimon, the CEO of JPMorgan Chase & Co., has expressed a cautiously optimistic outlook regarding the commercial real estate sector, emphasizing that challenges within the industry could remain limited to specific areas, provided the U.S. steers clear of a recession. In a recent interview with CNBC, Dimon noted that despite the pressures from higher […] READ MORE De-Dollarization: Cross-Border Payment Platform to Include Currencies from Pakistan, India, and ChinBUNA, the UAE-based cross-border payment platform, is poised for a significant expansion by integrating currencies from Pakistan, India, China, as well as various African and European nations during 2024-2025. Announced by Fahad Al Turki, chairman of the Arab Regional Payments Clearing and Settlement Organization, at the World Governments Summit in Dubai, this initiative seeks to […] READ MORE Fed's Rate Strategy for 2024: Stability Over Cuts, Says One Wall St AnalystAccording to Jim Bianco, a renowned Wall Street analyst, the Federal Reserve may not lower interest rates throughout 2024, deviating from earlier predictions of potential rate cuts. In a recent Bloomberg interview, Bianco shifted his stance closer to expecting no rate reductions, suggesting that the current high interest rates have not significantly harmed the economy. […] READ MORE Javier Milei's Budget Miracle: Libertarian Principles in Action!Explore how Libertarian President Javier Milei swiftly achieved a balanced budget in Argentina, challenging traditional government norms. READ MORE The Great American Housing Squeeze: Construction Costs Out of Reach for MostThe housing affordability crisis in America has reached a dire point where nearly two-thirds of American families are unable to afford the construction costs of an average home. To determine what Americans can actually afford, Creditnews Research delved into the costs in the various stages of residential property construction and how they compare to Americans’ […] READ MORE Paul Tudor Jones Sounds Alarm on U.S. Debt CrisisBillionaire investor Paul Tudor Jones has raised alarms over the burgeoning U.S. federal debt, which he refers to as a “debt bomb” that may soon reach a critical juncture. In a candid discussion with CNBC, Jones discussed the severity of the current U.S. economic situation, which is significantly buoyed by the government’s extensive borrowing and […] READ MORE ZeroHedge: There's An Odd Chill In The Air – Dallas Fed Respondents Warn Of "Pending Doom"The Dallas Fed’s Manufacturing Survey has continued its negative trend for the 22nd consecutive month as of February, although there was a slight improvement from January’s lows. The headline indicator remained in the negative territory at -11.3, reflecting ongoing challenges in the manufacturing sector. READ MORE « Previous 1 … 46 47 48 49 50 … 78 Next »
