December 14, 2022 The UN agency for trade and development, UNCTAD estimates that this year's global trade will reach about $32 trillion, but inflation has recently reversed some gains. Analysts at UNCTAD claim that in the second half of 2022, global growth "became negative." By the end of the year, the UN agency predicted that
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December 14, 2022 United States: Fed to Downshift to Half-Point Hike But Point to Higher Peak The Federal Reserve is poised to moderate its aggressive tightening on Wednesday while signaling that interest rates will ultimately go higher than previously forecast. The tricky part for Chair Jerome Powell will be convincing investors that this isn’t
December 13, 2022 United States: US Core Inflation Slows, Giving Fed Some Breathing Room on Rates A key gauge of US consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.
December 12, 2022 JBG reported total revenue of $45.84 billion for the six months ended October 31, 2022 (2021: $35.08 billion), a 31% increase year over year. For the quarter, total revenue increased 28% to $22.94 billion (2021: $17.90 billion). Of the six-month total revenue: The Jamaica Operations contributed $28.28 billion (2021: $20.51 billion) US
December 12, 2022 United States: US Inflation Will Be Much Lower by End of 2023, Yellen Says US Treasury Secretary Janet Yellen says inflation will be much lower by the end of next year, as long as there are no unanticipated shocks to the economy. “I believe inflation will be lower,” Yellen said during
December 9, 2022 United States: Fed Expected to Keep Peak Rates for Longer, Dashing Hopes for 2023 Cuts The Federal Reserve is set to disappoint Wall Street as it keeps rates at their peak throughout 2023, dashing hopes markets have priced in for rate cuts in the second half and making a recession very
December 8, 2022 United States: The Federal Reserve Is Deflating Financial Bubbles, Without a Crash The Federal Reserve hasn’t had much success so far in wrestling down sky-high inflation, but its monetary tightening campaign is having a major impact in deflating asset bubbles that swelled during the pandemic. Most importantly – and surprisingly –
December 7, 2022 United States: US Mortgage Rates Fall a Fourth Week, Longest Stretch Since 2019 US mortgage rates fell for a fourth week in a row, the longest such stretch of declines since May 2019. The contract rate on a 30-year fixed mortgage eased 8 basis points to 6.41% in the week ended
December 6, 2022 United States: US Futures Waver as Rate Bets Thrown Into Doubt: Markets Wrap Markets struggled for direction Tuesday as traders weighed prospects for a slowdown in the pace of US rate hikes against data that suggest tighter policy may be needed for longer. Contracts on the S&P 500 wavered following a
December 5, 2022 United States: US Dollar Erases More Than Half of This Year’s Gains on Fed Bets The US dollar has erased more than half of this year’s gains amid growing expectations the Federal Reserve will temper its aggressive rate hikes, and as optimism grows over China’s reopening plans. The Bloomberg Dollar Spot