Small US Inflation Pickup Won’t Derail a Fed Rate Cut in September – Bloomberg
US inflation probably picked up modestly in July, but not enough to derail the Federal Reserve from a widely anticipated interest-rate cut next month. The...
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Customers didn’t stop spending. Companies stopped serving – CNN
When Wall Street traders decide they’ve maxed out the value they can get from a particular sector of the market — tech, say — they’ll...
What can Olympians teach executives? – The Economist
I want to be successful. That person is successful. So that person can teach me how to be successful. This syllogism helps explain the torrent...
Why August is one of the most dangerous months in the financial calendar – The Guardian
Fears of a recession in the US. The biggest one-day fall on the Japanese stock market since 1987. Policymakers away on their summer breaks, leaving...
Canada Unemployment Rate Steady at 6.4% in July – WSJ
Canada’s job market remained in a stall last month with the unemployment rate remaining almost a percentage point higher than a year ago, further evidence...
Week Ahead for FX, Bonds: Focus on U.S. Inflation Data – WSJ
The most important global events likely to affect FX and bond markets in the week starting Aug. 12. Data on U.S. inflation and other U.S....
A global recession is not in prospect – The Economist
Aweak jobs report in America has raised fears that the world’s largest economy is heading for recession. America’s stockmarkets have tumbled, with fear spreading to...
Why Jay Powell refuses to be bullied by Wall Street – CNN
Finance Bro Summer is officially winding down. The sun rises later and sets earlier on the streets of FiDi, and the TikTokers looking for a...
Mortgage Rates Drop to 15-Month Low – WSJ
Mortgage rates fell to the lowest level in more than a year, raising hopes for relief in the battered U.S. housing market. The average rate...
Should central bankers argue in public? – The Economist
Jerome Powell’s tenure as chairman of the Federal Reserve has been admirably sure-footed. But on July 31st he may have stumbled when he announced that...