During the late January policy meeting of the Federal Reserve, the minutes revealed a greater concern among officials about the risks of cutting interest rates too quickly rather than moving too slowly. Caution Toward Inflation The tone of the minutes reflected caution towards inflation, with most officials highlighting the risks of a hasty rate cut and emphasizing the need to … [Read more...] about Federal Reserve Interest Rate Cut Debate
Economic Growth
Canadian Factory Sales Decrease in October
Canadian factory sales experienced a decline in October after three consecutive months of growth, primarily due to a drop in shipments of petroleum products. According to Statistics Canada, manufacturing sales decreased by 2.8%, equivalent to approximately $52.49 billion. This decline, the sharpest since February, was slightly higher than the initial estimate of a 2.7% drop in … [Read more...] about Canadian Factory Sales Decrease in October
The Toll of Economic Growth: Increased Stress for Americans
Despite a thriving U.S. economy, marked by robust GDP growth, low unemployment rates, and decreasing inflation, many Americans find themselves feeling more stressed as the year comes to a close, according to a recent survey conducted by Allianz Life. Rising Stress Levels The survey reveals that a significant 40% of respondents feel more stressed as 2023 draws to a close … [Read more...] about The Toll of Economic Growth: Increased Stress for Americans
China’s Economy Grows at Quicker Rate, Hits Annual Growth Target for 2023
China's economy has shown strong growth in the fourth quarter of 2023, allowing the government to reach its target of approximately 5% annual growth for the year. Despite uneven trade data and an ongoing economic recovery, official figures released on Wednesday indicate that the Chinese economy expanded by 5.2% in 2023, surpassing the government's goal. This growth can be … [Read more...] about China’s Economy Grows at Quicker Rate, Hits Annual Growth Target for 2023
The Potential Government Shutdown: Should Investors Be Concerned?
With less than two weeks remaining for Congress to reach a budget agreement for the U.S. federal government before the Oct. 1 deadline, the impending issue is expected to dominate headlines and political discussions. However, investors are advised not to overreact as history suggests that this shutdown too shall pass. Treasury Secretary Janet Yellen expressed her views on the … [Read more...] about The Potential Government Shutdown: Should Investors Be Concerned?
