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Federal Reserve Chair Jerome Powell signalled that the Fed is gearing up for a series of interest rate cuts during his annual address at Jackson Hole, Wyoming, stating, 'The time has come for policy to adjust’. He emphasized that while the direction toward rate cuts is clear, the exact timing and pace will be guided […]

U.S. retail sales exceeded expectations in July, rising by 1.0% following a downwardly revised 0.2% decline in June, according to the Commerce Department's Census Bureau. This marks the strongest performance in 18 months and may ease concerns of a sharp economic slowdown. The gains were led by the volatile auto sector, but increases were widespread, […]

Global financial markets experienced renewed volatility this week, driven by concerns over a potential U.S. recession, which many consider premature. The week began with a sharp drop in global equity markets, sparking headlines about a potential crash. Despite significant fluctuations, the stock market ultimately saw only modest changes. While recent volatility is noteworthy, it’s crucial […]

Global equity markets fell this week amid growing concerns about a slowing US economy. The Institute for Supply Management’s (ISM) manufacturing index slumped, and weekly jobless claims rose, intensifying fears of a potentially harder-than-expected economic landing in the US. Following the data release, the equity market, which has already factored in a 25-basis point rate […]