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US Economy

US Economy Shows Signs of Cooling, But Stubborn Inflation Keeps Fed on Hold

The US economy is exhibiting signs of moderation, with a still-robust but cooling labor market and persistent inflation pressures, according to a research report by Wells Fargo. This dynamic supports the Federal Reserve's patient approach to monetary policy, as the central bank opted to keep interest rates unchanged

Treasury Signals Stable Debt Issuance, Calming Market Jitters

The US Department of the Treasury announced plans to raise approximately $17.2 billion through Treasury securities auctions next week, indicating a stabilization in borrowing needs after several quarters of increases. This news brought some relief to Treasury investors who have been closely monitoring the government's debt issuance
Treasury Signals Stable Debt Issuance, Calming Market Jitters

UBS Expects Soft Landing

Despite recent market volatility and concerns over persistent inflation, UBS remains confident in its base case scenario of a "soft landing" for the US economy, according to the bank's latest daily report. UBS anticipates a cooling of both economic growth and inflation, paving the way for

Treasury Yields Edge Higher as Investors Grapple with Mixed Economic Signals

Treasury yields edged higher last week, reflecting investor uncertainty amidst mixed economic data and anticipation of the Federal Open Market Committee's (FOMC) upcoming policy decision, says Raymond James in its latest report. Yields on the intermediate to long end of the curve rose between 3 and 6 basis

Oil Price Outlook: Upside Risks Dominate, Says World Bank

Despite a moderate price increase projected for 2024, the World Bank's latest report on the global crude oil market warns of significant upside risks that could send prices soaring. Escalating geopolitical tensions, particularly in the Middle East, and potential disruptions to North American oil production are identified as
Oil Price Outlook: Upside Risks Dominate, Says World Bank

Global Economic Expansion Broadens, But US Growth Slows: S&P Global

The global economic expansion is becoming increasingly broad-based, with Europe and Japan showing signs of accelerating growth, according to the latest Flash PMI data compiled by S&P Global. However, the US economy appears to be bucking this trend. It is experiencing a slowdown in growth and a decline
Global Economic Expansion Broadens, But US Growth Slows: S&P Global

US Labor Market Braces for Mid-Cycle Slowdown

The US labor market is poised to enter a slowdown in the coming months, according to an analysis published by Goldman Sachs last week. The bank cites declining temp penetration, a leading indicator of broader labor market trends, as evidence of the impending slowdown. "With increasing instances of hiring

Corporate Credit Spreads Remain Tight

Corporate credit spreads widened slightly during the last weekly period, but remained tight overall. This indicates that market participants remain confident in the creditworthiness of borrowers and view the overall economy favorably, according to a report by Moody's Analytics. Moody's Ratings long-term average corporate bond spread
Corporate Credit Spreads Remain Tight

China Real Estate: Multi-Year Adjustments Needed, RBC Predicts

China's housing market is grappling with significant issues that could hinder the country's economic growth for years to come, according to a memo by Royal Bank of Canada (RBC). Affordability of Chinese Real Estate A key concern highlighted by the asset management firm is affordability. Housing
China Real Estate: Multi-Year Adjustments Needed, RBC Predicts

Global Economy Shows Signs of Sustained Growth, But Inflation Concerns Remain

The global economy is picking up steam according to a report by S&P Global. The latest Purchasing Managers Index (PMI) data from S&P Global reached 52.3, a nine-month high, indicating a broad-based recovery across sectors and regions. "This suggests a sustained and positive outlook