Fed's Latest Stress Test Scenarios: Banks Brace for Hypothetical Global RecessionThe Federal Reserve Board has unveiled the hypothetical scenarios for its annual stress test, a critical evaluation aimed at ensuring the resilience of large banks in the face of severe recessions. This year, for the first time, the Board has introduced four additional hypothetical elements in its “exploratory analysis” to assess various risk factors, although […] READ MORE Credit Markets Show Unwavering Strength Amid Rising US Inflation ConcernsDespite unexpectedly high U.S. inflation rates challenging the outlook for imminent Federal Reserve rate cuts, the credit markets remain robust, buoyed by a substantial influx of investment. This surge of capital into the credit market has effectively cushioned investors against potential downturns, including the diminishing likelihood of central bank rate reductions this year. On Tuesday, […] READ MORE Signs of an Impending 2024 Recession, Says Citi's Top EconomistDespite the seemingly robust indicators of historically low unemployment, strong consumer spending, and solid GDP growth, the US is on a path towards a recession by mid-2024, according to Citi’s chief US economist. While recent data, including a blowout January jobs report adding 353,000 jobs, paints an optimistic picture, deeper analysis reveals concerning signs. The […] READ MORE ZeroHedge: Arizona Joins BRICS, Druckenmiller Buys BarrickThe Arizona Senate committee has given the green light to Senate Bill 1633 (SB1633), which aims to create the Arizona Bullion Depository, a secure facility for storing precious metals. More than just a storage solution, the bill also paves the way for the issuance of state-minted gold and silver coins, alongside a specie-backed transactional currency. […] READ MORE Fed's Favored Inflation Measure May Show Softer Rise Than CPI SuggestsThe Consumer Price Index (CPI) data for January revealed an unexpected surge, with core prices, excluding food and energy, climbing by 0.4% and surpassing many predictions. This uptick was largely driven by a 0.7% increase in core services, marking the most significant rise since September 2022. However, this spike in the CPI might not fully […] READ MORE January Sees U.S. Wholesale Prices Increase, Highlighting Ongoing Inflation ChallengesWholesale inflation in the U.S. experienced an uptick in January, indicating persistent inflationary pressures within the economy. According to the Labor Department, the producer price index, which measures inflation at the wholesale level before it impacts consumers, increased by 0.3% from December to January, reversing a slight decline from the previous month. Year-over-year, this index […] READ MORE Economic Recession and Yen Depreciation Push Japan Behind GermanyJapan has relinquished its position as the world’s third-largest economy to Germany, sliding into recession amid challenges such as a depreciating yen and demographic issues like an aging and decreasing population. Despite achieving a 1.9% growth in 2023 in nominal terms (not adjusted for inflation), Japan’s Gross Domestic Product (GDP) in dollar terms amounted to […] READ MORE Gold Climbs Back Above $2,000 as U.S. Retail Sales FalterGold surpassed the $2,000 mark, following disappointing U.S. retail sales figures that led to a decrease in the dollar value and Treasury yields. This turnaround in the market has been a positive development for investors in gold, with the price of spot gold reaching an intraday high of $2,008.18 per ounce. Despite a slight pullback, […] READ MORE Florida Real Estate Falls As Homebuyers Deterred by Higher Insurance CostsHome prices in Florida’s southwest coast are dropping, primarily driven by the steep rise in home insurance costs. This insurance crisis has led to a surge in inventory as potential buyers, particularly those looking to purchase winter homes, are deterred by the skyrocketing premiums. The Insurance Information Institute reports a 42% increase in insurance rates […] READ MORE « Previous 1 … 52 53 54 55 56 … 78 Next »
