The Federal Reserve (the Fed), the European Central Bank (ECB) and the Bank of Japan (BoJ) all made significant announcements this week. The Fed delivered another interest rate hike this week, as expected, while Chair Jerome Powell indicated that there might be additional hikes in the future, depending on the incoming data, which has recently […]
In June, spending at US retailers continued its positive growth trend for the third consecutive month, showcasing resilience among American consumers. According to the Commerce Department's report on Tuesday, retail spending increased by +0.2%, adjusted for seasonality but not inflation. However, this growth rate was slower than the revised +0.5% increase observed in the previous […]
As we bid farewell to June and conclude the second quarter of 2023, it’s essential to reflect on the plethora of news and data that has shaped the past three months. From inflation and interest rates to GDP figures, US debt ceiling negotiations, and the rand at (repeated) record lows against the US dollar, the […]
After a strong performance in the first half of 2023, markets experienced a slight setback in the first week of the third quarter. The catalyst behind this week’s pullback was the release of the Fed’s minutes and stronger-than-expected U.S. services data, increasing expectations for an extended period of higher interest rates. Minutes from the Federal […]
As we bid farewell to June and conclude the second quarter of 2023, it's essential to reflect on the plethora of news and data that has shaped the past three months. From inflation and interest rates to GDP figures, US debt ceiling negotiations, and attempted coups in Russia, the market has experienced a whirlwind of […]
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