Investors are closely monitoring the comments from Fed speakers regarding inflation, economic outlook, and interest rates. Last week, the FOMC Meeting Minutes, labor market data, and the US Services PMI shifted investor expectations of a September Fed rate cut. Despite a slight relief in Michigan Inflation Expectations rising from 3.2% to 3.3% in May, which
It’s no secret that sometimes it pays to pay with cash. More and more merchants are offering discounts to customers who choose to pay with paper instead of plastic. Typically, cash discounts run about 2% to 4% on purchases, though savings can be even higher in some cases. While only about 3% of all cash
In recent months, central banks around the world have been closely monitoring economic data in order to make crucial decisions regarding monetary policy. The most recent Federal Open Market Committee (FOMC) meeting, as well as data releases from the UK and eurozone, have provided valuable insight into the current state of the global economy. The
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As we look at the current monthly chart, the 200-day SMA is a significant level to watch, with potential downside support around 104.39. A break below this level could open the door to 103.62 support. Additionally, the Relative Strength Index (RSI) has struggled to move above the 50.00 centerline recently, hinting at a bearish sentiment
French President Emmanuel Macron’s upcoming visit to Germany for a three-day state visit followed by a bilateral cabinet meeting underscores the importance of unity between the European Union’s two biggest powers ahead of the EU parliamentary elections next month. This visit, which includes stops in Berlin, Dresden, and Muenster, marks the first French presidential state
Argentine President Javier Milei recently announced his intention to implement a substantial tax reduction in an effort to reduce state intervention in the country’s economy. This move comes amidst a prolonged economic crisis marked by high inflation rates. In order to stimulate investments and revitalize the economy, President Milei is urging Congress to approve a
During the recent meeting in Stresa, Italy, the finance leaders of the Group of Seven (G7) advanced nations reiterated their dedication to warning against excessively volatile currency movements. This commitment was seen as crucial by Japan, which views it as a signal to intervene in the market to prevent rapid declines in the yen. The
The recent developments in the relationship between European banks and Russia have raised concerns about the risks involved in operating in the country. U.S. Treasury Secretary Janet Yellen has highlighted the growing risks faced by European banks and emphasized the need for stronger sanctions on institutions that facilitate transactions for Russia’s war efforts. This has
With the ongoing economic challenges and the aftermath of the global pandemic, many travelers, like Lora Bowler, are reevaluating their vacation spending habits. Lora Bowler, an avid traveler from New York, shares her experience of cutting back on vacation expenses by utilizing hotel day passes as a more cost-effective alternative for luxury relaxation. Hotel day
The Group of Seven (G7) is currently in discussions regarding the potential utilization of future income from frozen Russian assets to assist Ukraine. Following Russia’s invasion of Ukraine earlier this year, the G7 and its allies froze approximately $300 billion of Russian assets. The aim is to bring forward the profits obtained from these immobilized
The stock market is an ever-changing landscape driven by a multitude of factors, one of which is economic data. The recent performance of U.S. stocks in response to economic data highlights the impact that these indicators can have on investor sentiment and market direction. Data showing improving consumer sentiment on inflation helped boost the Nasdaq