The markets start to bet on US inflation peaking The US dollar appreciated to a new high of 110.77 early last week following stronger than expected ISM manufacturing and PMI services data (not really stronger, the survey results were not as weak as expected by prior forecasts). The economic data was seen as supporting justification...Read More
White House Chief of Staff Ron Klain has taken to tweeting the price of a gallon of gasoline on a daily basis, a habit that’s convenient for him as long as it continues its steady decline. The idea that President Joe Biden’s administration is somehow responsible for this decrease is wrong, of course, but the...Read More
In 2005, a while before the world adapted ‘creators’ and ‘influencers’ to their everyday vocabulary, the first-ever video was streamed on YouTube. A 19-second video named ‘Me at the zoo’ featured the co-founder of YouTube as he stood in front of two elephants that nodded their heads and inaugurated the chaos to come. While it’s...Read More
LAHORE – Despite the resumption of the IMF programme, the country is still suffering from a serious dollar shortage crisis, as the rupee has cumulatively fallen by more than 4 percent against the greenback during this week, aggravating macroeconomic indicators amidst catastrophic flooding in Pakistan.This was stated by FPCCI former president and BMP Chairman Mian...Read More
Inflation is by far the word of the year 2022. Soaring prices of goods and services are at their highest in 40 years, which considerably affects the purchasing power of households. To relieve consumers, the Federal Reserve has embarked on an aggressive monetary policy, marked by a sharp rise in interest rates. Economists warn that...Read More
By Peter Hobson LONDON – Investment banks are set to make a record-breaking $20 billion trading and financing commodities like oil, gas and metals in 2022, more than triple what they earned in the years before COVID-19, analytics firm Coalition Greenwich told Reuters. Banks such as Goldman Sachs, Citi and Macquarie have benefitted from massive...Read More
Despite the importance of its energy, food, and fiber, the Texas economy is increasingly services oriented. This outcome is not surprising given the sophisticated nature of the state’s industrial base; it’s a pattern common to every highly developed economy. Let’s examine past and expected future trends. You can basically think of private-sector activity as falling...Read More
Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole meeting grabbed headlines two weeks ago. His message was clear: The Federal Reserve must persevere in bringing inflation under control even if the U.S. economy and labor market weaken. It disappointed investors who were hoping the Fed would pivot from tightening monetary policy, and the...Read More
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