With the economy faltering, rates may already be too high City Voices: Most of the macroeconomic factors facing the UK economy, bar inflation, now point to a policy rate which is too restrictive Evening Standard · Sep 20, 2023
Stakeholders against scaling down Dasara as farmers call for low-key festival Amidst calls to scale down Dasara, stakeholders debate pros/cons: some argue for low-key celebrations, while others suggest traditional festivities to aid local economy, generate jobs. The Hindu · Sep 20, 2023
BBC host lets MP claim Tories 'grew economy by 60 per cent' without challenge FOR anyone struggling through the cost-of-living crisis worsened and worsened by successive Tory governments, one of the party’s more confused MPs… The National (Scotland) · Sep 20, 2023
Stocks Climb Before the Open as Fed Rate Decision Looms December S&P 500 futures (ESZ23) are up +0.28%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.32% this morning as market participants braced for the Federal Reserve’s interest rate decision due later in the day. Barchart · Sep 20, 2023
Chevron CEO says we're headed for oil at $100—but is confident consumers can handle it Why are gas prices so expensive? When will gas get cheaper? Where can you get the cheapest gas? Here's what you need to know. Fortune · Sep 20, 2023
Stocks Tread Water Before the Open as Fed Rate Decision Looms December S&P 500 futures (ESZ23) are up +0.12%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.16% this morning as market participants braced for the Federal Reserve’s interest rate decision due later in the day. Barchart · Sep 20, 2023
Hunt: Inflation plan working but households still feeling cost-of-living pain The Chancellor said there is still ‘immense pressure’ on families but the Government’s plan ‘is working – plain and simple’. The Independent UK · Sep 20, 2023
Chinese officials voice faith in economy and keep interest rates steady as forecasts darken Leading Chinese planners have voiced confidence in the outlook for the world's second-largest economy, holding key interest rates steady amid signs of improvement in some areas such as services The Independent UK · Sep 20, 2023
What will Federal Reserve do next? Any hint of future rate hikes will be key focus of latest meeting The Federal Reserve is set to leave its key interest rate unchanged Wednesday as it seeks to guide the U.S. economy toward a “soft landing” of cooling inflation without triggering a deep recession The Independent UK · Sep 20, 2023
Why the Bull Market is Still in Charge? It’s been nearly 2 months that the S&P 500 (SPY) has been mired in a trading range. That is why investment veteran Steve Reitmeister shares his latest insights to explain why a bull market is still in place...and how to target the best stocks and ETFs for the days ahead.… StockNews.com · Sep 19, 2023
House GOP passes four more bills opposing ESG out of committee Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics. Ballotpedia · Sep 19, 2023
Strikes aren’t bad for the US economy. They’re the best thing that could happen Auto workers, writers, actors, Starbucks workers, Amazon workers, UPS drivers, flight attendants – labor isn’t a ‘special interest’. It’s all of us The Guardian - US · Sep 19, 2023
Colgate-Palmolive (CL): When Good News Might Be Bad News for the Economy Institutional love for CL stock suggests potential economic caution as bullish sentiment on essential goods like Colgate-Palmolive might hint at broader market vulnerabilities. Barchart · Sep 19, 2023
UK flatlining economy will grow slower and suffer higher inflation than eurozone in 2023, leading economists Government accused of leaving Britain ‘stuck in the slow lane’ Evening Standard · Sep 19, 2023
The Guardian - UK · Sep 19, 2023 Germany will suffer worst from world economic slowdown, says OECD Higher interest rates and weaker trade, as well as sluggish growth in China, likely to hit big economies
AAP · Sep 19, 2023 Sharper China slowdown risks blunting Australian growth The global economy is expected to keep slowing in response to higher interest rates, forecasts by a major global organisation show.
The Independent UK · Sep 19, 2023 Once a global ideal, Germany's economy struggles with an energy shock that's exposing longtime flaws Germany racked up one economic success after another for most of this century
AAP · Sep 19, 2023 Inflation cooling to plan but fuel on RBA's watchlist The Reserve Bank of Australia appears comfortable with the inflation outlook but there are concerns about petrol prices and a weakening Chinese economy.
The Independent UK · Sep 19, 2023 Stock market today: Asian shares weaker ahead of Federal Reserve interest rate decision Asian shares are mostly weaker in cautious trading ahead of the Federal Reserve’s looming decision on interest rates
The Times of India · Sep 19, 2023 US companies are the gloomiest in decades about China outlook American firms in China are the gloomiest they’ve been in decades about the prospect of doing business in the Asian nation over the next few years as geopolitical tensions and the slowing economy hurt sentiment.
Fortune · Sep 18, 2023 Why Janet Yellen isn't worried about the $33 trillion national debt Yellen looks at one key statistic to determine if the U.S.'s national debt is sustainable, and she says it's "at a very reasonable level.”
The Conversation · Sep 18, 2023 Global corporate power is 'out of control', but reports of democracy’s death are greatly exaggerated The past 40 years have seen massive expansion of the dominance of large corporations in the global economy. A wave of neoliberal reforms spread internationally from the 1980s with the promise that deregulated markets would unleash the animal spirits of private enterprise, bringing a new era of growth and prosperity.
The Conversation · Sep 18, 2023 In China, Albanese might find an economy as uncertain as Japan's 30 years ago When Prime Minister Anthony Albanese visits China later this year he will encounter a nation whose future is about as uncertain as it was 50 years ago when Gough Whitlam became the first Australian prime minister to visit in late 1973.
Fortune · Sep 18, 2023 Wall Street’s Dr. Doom is sounding downright sunny as he predicts a 'short and shallow’ recession or even no recession at all instead of the epic collapse he saw in 2022 Nouriel Roubini saw a “variant of another Great Depression” less than a year ago, but now he’s open to a soft landing without any recession at all.
The Guardian - UK · Sep 18, 2023 Unfortunately for the Tories Liz Truss is the gift that keeps on giving Almost a year after her disastrous mini-budget, ex-PM says she was right and the economy and everyone else was wrong