Featured Content As of October 2024, inflation in the U.S. has cooled to a three-year low, standing at 2.5%. This progress has been driven by a combination of tighter monetary policy, easing supply chain disruptions, and more stable consumer demand. While inflation is edging closer to the Federal Reserve’s 2% target, concerns about wage growth, […]
Read MoreSan Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland’s oil and natural gas interests (the Subject Interests) in properties located in the San Juan Basin in northwestern New Mexico. 5 potentially positive developments that have recently occurred with the […]
Read More(Bloomberg) — Former Treasury Secretary Lawrence Summers warned that the assumption embedded in the bond market that the era of low interest rates — anchored by disinflationary pressures — is coming back is likely to be wrong. Most Read from Bloomberg “I suspect tumult” for markets in 2023, Summers told Bloomberg Television’s “Wall Street Week” […]
Read More(Bloomberg) — Bank of Japan Governor Haruhiko Kuroda shocked markets earlier this week by doubling a cap on 10-year yields, in a move that helps pave the way for possible monetary policy normalization under a new governor. The change, which blindsided all 47 economists surveyed by Bloomberg ahead of the decision, has the potential upend […]
Read More(Bloomberg) — A new snapshot of the global economy’s weakening growth and persistent inflation will arrive in the coming week, just as surveys reveal headwinds for manufacturers from the US to Europe and Japan. The OECD’s forecasts on Tuesday will show how officials at the Paris-based organization perceive a loss of momentum gripping countries around […]
Read More(Bloomberg) — Another tech plunge, another shot in the arm for stock quants mounting a big comeback in Wall Street’s awful year. As the Federal Reserve ramped up its hawkish policy guidance this week on still-raging inflation, the once-booming Faang megapcaps lost a further $568 billion in market value, bringing the cohort’s total capitalization to […]
Read More(Bloomberg) — Global finance chiefs gather in Washington in the coming days with the warning of a possible $4 trillion loss in the world’s economic output ringing in their ears. That’s the Germany-sized hole in the growth outlook through 2026 that International Monetary Fund chief Kristalina Georgieva identified last week as a looming risk. She’ll […]
Read More(Bloomberg) — Another shock central bank move, another lockstep market reaction across Wall Street and beyond. This time it was the Bank of England’s dramatic intervention in government bonds that took global traders by storm, underscoring how every asset remains at the mercy of monetary officials in crisis-fighting mode. After British policy makers pledged a […]
Read More(Bloomberg) — Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, sees a “long and ugly” recession in the US and globally occurring at the end of 2022 that could last all of 2023 and a sharp correction in the S&P 500. “Even in a plain vanilla recession, the S&P 500 can fall by […]
Read More(Bloomberg) — US consumer prices were resurgent last month, dashing hopes of a nascent slowdown and likely assuring another historically large interest-rate hike from the Federal Reserve. The consumer price index increased 0.1% from July, after no change in the prior month, Labor Department data showed Tuesday. From a year earlier, prices climbed 8.3%, a […]
Read More(Bloomberg) — Three months after the Federal Reserve stopped reinvesting all of the maturing Treasury securities in its portfolio — allowing $30 billion a month to run off — its holdings of the debt ought to be lower by $90 billion. Soaring inflation is slowing that decline. That’s because the Fed’s Treasury holdings include inflation-protected […]
Read More(Bloomberg) — Turkish inflation exceeded 80% for the first time since September 1998, as policies that prioritized economic growth and cheap lending exact a toll on the lira and price stability. Annual inflation quickened for a 15th consecutive month to 80.2% in August, up from 79.6% in July, according to data released on Monday by Turkey’s […]
Read More(Bloomberg) — Rising food prices have been one of the key drivers of this year’s inflation woes as farmers across America face surging costs for fertilizer and fuel while also grappling with lingering supply-chain issues and labor shortages. Brian Duncan, operator of a family farm and vice president of the Illinois Farm Bureau, joined this […]
Read More(Bloomberg) — Texas’s tax revenue is rising by historic amounts, in part as economic growth and soaring inflation drive up the price of goods. The Lone Star state collected $77.2 billion in a category known as all funds tax collections in the fiscal year through August, up 25.6% from the same period a year earlier, […]
Read More(Bloomberg) — Investors bracing for a recession jolt accelerated their retreat from stocks after the Federal Reserve warned it won’t be easily deterred in its fight against inflation, Bank of America Corp. strategists say. Global equity funds had outflows of $9.4 billion in the week to Aug. 31, the fourth-largest redemptions this year, according to […]
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