U.S. Treasury Secretary Janet Yellen recently expressed during the Texas Tribune Festival in Austin, Texas that she is most likely finished with her role in the government after President Joe Biden’s term comes to a close in January. Although Yellen did not explicitly state what her future plans entailed, she hinted at the idea during
President Emmanuel Macron’s decision to appoint centre-right Michel Barnier as prime minister has sparked outrage and protests across France. Thousands of people took to the streets to demonstrate against what left-wing parties are calling a theft of legislative elections. Macron’s choice of the 73-year-old conservative Barnier, who previously served as the EU’s Brexit negotiator, has
The year 2024 has seen a surge in exchange-traded fund (ETF) inflows, breaking monthly records. Managers are closely monitoring these inflows, anticipating a potential impact from the money market fund boom by the end of the year. With over $6 trillion parked in money market funds, industry experts believe this trend could significantly influence the
The idea of a U.S. manufacturing resurgence has been a hot topic in political circles, with both the Trump and Biden administrations proposing initiatives to boost the industry. However, Alpine Macro analysts point out that U.S. manufacturing has been steadily declining for decades. While there have been modest increases in output in certain industries like
In the heart of lower Manhattan lies Elizabeth Street Garden, a cherished public garden established in 1991, which may soon face eviction to make room for a 123-unit affordable housing project for seniors. Despite opposition from notable figures such as Robert De Niro and Martin Scorsese, the city remains steadfast in its development plans for
Following the recent removal of former Prime Minister Srettha Thavisin due to ethical violations, Thailand’s new leader, Prime Minister Paetongtarn Shinawatra, is gearing up to kickstart the economy. This was made known during a special cabinet meeting held to discuss policies that will be presented at an upcoming parliamentary meeting. Despite the change in leadership,
The U.S. Federal Reserve and other regulators are gearing up to present extensive modifications to a range of proposed banks’ capital rules. According to Bloomberg News, the revisions, which are anticipated to be released as early as September 19, could amount to 450 pages. Operational Risk Provisions One of the key areas of focus in
French Prime Minister Michel Barnier, a seasoned conservative politician who previously made a name for himself negotiating Brexit, now faces the challenging task of leading a country divided by deep political fault lines. This comes after President Emmanuel Macron appointed him as his prime minister, following a snap legislative election that resulted in a hung
The price of gold has surged to $2517 USD per troy ounce, marking a return to growth. This increase comes as the market eagerly anticipates the release of the crucial US employment report for August. The data from this report could have significant implications on the Federal Reserve’s interest rate outlook, especially with an upcoming
China’s policymakers, including former head of the People’s Bank of China, Yi Gang, stressed the importance of boosting domestic demand during the Bund Summit in Shanghai. Yi emphasized the need to combat deflationary pressure and improve domestic demand to tackle issues in the real estate market and local government debt. This shift in focus highlights
The AUD/USD pair is currently trading lower, despite the hawkish remarks from the Reserve Bank of Australia (RBA) Governor Michele Bullock. What is interesting is that the softer Greenback and positive comments from the RBA are not enough to boost the Australian Dollar. This suggests that market sentiment plays a crucial role in influencing the
The recent report from the Labor Department shows a decline in the number of Americans filing new applications for jobless benefits. This decrease comes as layoffs in the US job market remain low, which could potentially ease concerns about the state of the labor market. The weekly jobless claims report is viewed as the most