Category: Economy News
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Asia stocks mixed as Fed looms large, Dollar weakens
The dollar retreated slightly on Wednesday, giving back some of its gains from the previous day, while Asian markets showed a mixed performance as investors weighed the possibility of a
DetailIreland’s Construction Sector Struggles to Expand, Warns Central Bank
Ireland is facing significant challenges in meeting the need for 52,000 homes per year until 2050, as highlighted by the country’s Central bank. Housing has been a pressing political issue
DetailNeuralink’s ‘Blindsight’ Implant Receives FDA Breakthrough Device Designation for Enhanced Visual Perception
Elon Musk’s Neuralink, a brain-chip startup, announced that its experimental implant designed to restore vision has been granted the FDA’s “breakthrough device” designation. This designation is given to medical devices
DetailLatinas had a $1.3 trillion impact on the U.S. economy, report reveals
Latinas in the United States are significantly contributing to the economy, with the female Hispanic population adding $1.3 trillion to the gross domestic product in 2021. This marked an impressive
DetailBank of Canada Expected to Cut Rates as CPI Data Weakens: Citi Projections
Canada’s Headline Consumer Price Index (CPI) saw an unexpected decline of 0.2% month-on-month in August, falling in line with a year-on-year return to 2.0%. Core Inflation measures also showed a
DetailDallas Fed’s former head calls for 0.5% interest rate cut
Former Dallas Fed President Robert Kaplan believes that a half percentage point interest rate cut at the upcoming Federal Reserve meeting would be the optimal move. Kaplan stated that a
DetailUS Home Builder Confidence Grows Slightly Amid Anticipation of Rate Cut
U.S. home builder confidence saw a slight increase in September due to lower mortgage rates, interrupting a four-month decline but still remaining relatively low due to rising construction costs. The
DetailInvestors Expect 0.25% Rate Cut on Wednesday, According to Morgan Stanley Survey
The majority of investors surveyed by Morgan Stanley anticipate a 25 basis point interest rate cut during the upcoming September Federal Open Market Committee (FOMC) meeting. The survey, conducted from
DetailFutures Drive Higher as Market Focuses on Fed’s Impact, Intel and Amazon AI Chip Partnership Deal
Stock futures on Wall Street are slightly higher as investors await the Federal Reserve’s interest rate decision this week. Intel shares saw a spike in extended hours trading after announcing
DetailPotential Market Impact of Fed Rate Cuts Hinges on US Economic Health
The Federal Reserve is set to initiate a cycle of rate cuts, with the performance of Stocks, bonds, and the dollar hinging largely on the state of the U.S. economy.
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