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US Economy Slows in Q1 2024 as Corporate Profits Decline, BEA Reports

The US economy grew at an annualized rate of 1.3% in the first quarter of 2024, a significant slowdown from the 3.4% growth recorded in the fourth quarter of 2023, according to the estimates released by the Bureau of Economic Analysis (BEA) on Thursday. This revised figure is

Global House Price Declines Moderate Further in Q4 2023, BIS Reports

Global house prices continued their downward trajectory in the fourth quarter of 2023, though at a more moderate pace, falling by 1.2% year-on-year (yoy) in aggregate and in real terms, according to the latest statistics released by the Bank for International Settlements (BIS). The recent decline in global house
Global House Price Declines Moderate Further in Q4 2023, BIS Reports

Eurozone Inflation Set to Slow Further, ECB's Lane Suggets Potential Rate Cuts

Eurozone inflation is expected to continue its downward trajectory, with the European Central Bank (ECB) potentially easing its restrictive monetary policy stance in the coming months, according to a speech delivered by ECB Executive Board Member Philip R. Lane earlier this week. Lane highlighted a number of factors supporting this

AQR: Complex Machine Learning Models Can Time Markets, But Don't Expect a Revolution

Sophisticated algorithms can enhance market timing strategies by uncovering hidden patterns in asset prices, but investors hoping for a surefire way to beat the market shouldn't get their hopes up, according to a research published by AQR Capital Management earlier this month. The study finds that while complex

What is the Simplified Fisher Equation

The simplified Fisher equation is a formula used to describe the relationship between nominal interest rates, real interest rates, and expected inflation. It is expressed as: Nominal Interest Rate (i) ≈ Real Interest Rate (r) + Expected Inflation Rate (π) This equation states that the nominal interest rate is equal to the

Outlook for Japanese Yen Remains Weak, Goldman Sachs Predicts

The Japanese yen is projected to remain weak in the coming months, according to an analysis by Goldman Sachs on Wednesday. Despite hitting a 33-year low against the US dollar in April, analysts at the firm believe the yen could stay at or above 150 to the dollar for the

US Equities Poised for Further Gains Amidst Favorable Backdrop: UBS

Despite reaching all-time highs, US equities show further potential for growth, buoyed by strong underlying fundamentals, according to a recent note by UBS. The S&P 500 and Nasdaq have climbed nearly 7% and 10% respectively since their mid-April lows, fueled by renewed hopes for Federal Reserve easing and

Global Commercial Property Market Still Searching for a Bottom, MSCI Research Says

The global commercial property market remained stuck in a downturn in the first quarter of 2024, with deal volume plunging to its lowest level in over a decade, according to a note published by MSCI Research last week. While some signs point to a potential narrowing of the gap between

US Consumers Tightening Their Belts as Economic Headwinds Mount, Moody's Analytics Reports

American consumers, the driving force behind recent US economic growth, are adopting a more cautious approach to spending as various economic headwinds gather strength, according to a report by Moody's Analytics published last week. While consumer spending has single-handedly fueled GDP growth for the past three quarters, contributing

US Refinery Production Soars, Yet Crude Oil Inventories Continue to Shrink, EIA Reports

US refineries are running at near full tilt, yet crude oil inventories continue to shrink, according to the latest weekly report from the Energy Information Administration (EIA). For the week ending May 10, 2024, US crude oil refinery inputs averaged 16.3 million barrels per day, a gain of 307,