The annual Jackson Hole symposium hosted by the Federal Reserve Bank of Kansas City commenced on Thursday. During the event, several Federal Reserve officials indicated that although there might not be an immediate need to increase rates, they are likely to keep rates at a restrictive level for an extended period. Jerome Powell, the Chair […]
Longer-dated U.S. Treasury yields hit a 10-month high this past week as investors focused on the prospects of longer-lasting high-interest rates and a struggling Chinese economy. This week’s broad risk-off follows the publication on Wednesday of minutes from the last Federal Reserve (“Fed”) meeting that suggested officials are considering tighter policy, dampening hopes that the central bank […]
The past week witnessed a varied performance in the major U.S. stock markets. Investors grappled with the implications of subdued inflation data against concerns stemming from the recent uptick in long-term interest rates. Notably, value stocks displayed stronger performance compared to growth stocks. The trading activity remained subdued, partially attributable to the ongoing summer vacation […]
Global equity markets have had a tough start to August, as Fitch Ratings unexpectedly downgraded the U.S.'s credit rating from AAA to AA+. This marked the second credit downgrade in U.S. history, raising concerns about the country's fiscal outlook and highlighting ongoing fiscal challenges worldwide. While the impact on financial markets may be limited, it […]
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