Alan Greenspan, Former Federal Reserve Chairman, Dies at 100
Alan Greenspan, who led the Federal Reserve for nearly two decades and coined "irrational exuberance," passed away at 100, leaving a complex legacy in U.S. economic policy.
Markets & Macro
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China Keeps Benchmark Loan Rates Unchanged Amid Weak Credit Demand
China has held its key loan prime rates steady for the 13th consecutive month, signaling a cautious approach amid sluggish credit demand and a struggling property market.
Markets & Macro
Inflation Drives More Households to Shift Toward Safe-Haven Investments
Rising inflation prompts more households, especially Black families, to explore safe-haven assets like gold, U.S. Treasury bonds, defensive stocks, and alternative currencies.
Markets & Macro
Stock Futures Slip as Investors Brace for Inflation Data Amid Iran Deal Progress
Stock futures declined as markets balanced cautious optimism over U.S.-Iran nuclear talks with upcoming inflation data that could influence Federal Reserve policy and market direction.
Markets & Macro
Warsh’s move to limit Fed guidance could increase US borrowing costs and market uncertainty
Kevin Warsh’s effort to reduce the Federal Reserve’s forward guidance risks raising Treasury, mortgage, and corporate borrowing costs by making interest rate policy less predictable.
Markets & Macro
Canada’s Economic Downturn Linked to Immigration Policy Adjustment, Says Prime Minister
Canada faces another recession, with the Prime Minister attributing the slowdown to recent reductions in immigration levels after years of significant migrant influx.
Markets & Macro
South Korea’s Soaring Chip Bonuses Stir Inflation Worries at Central Bank
Massive bonuses at leading South Korean chipmakers are driving wage growth and consumer spending higher, raising inflation concerns for the Bank of Korea amid ongoing economic pressures.
Markets & Macro
Fed Chair Kevin Warsh Emphasizes Data Over Politics in Early Policy Moves
Newly appointed Fed Chair Kevin Warsh challenges expectations by prioritizing inflation control and data-driven decisions instead of political loyalty to the president.
Markets & Macro
Rising Energy Costs Likely to Push May Inflation Higher, Analysts Say
Inflation in May is expected to climb due to surging oil and gasoline prices, with economists watching closely for broader effects on consumer prices beyond fuel.
Markets & Macro
Energy Prices Likely to Drive Up Inflation in May, Say Economists
Rising oil and gasoline costs are expected to push Canada's inflation higher in May, though economists will watch closely for broader price increases beyond fuel.
Markets & Macro
Indian Markets Gain Nearly 1.7% on US-Iran Peace Hopes Amid Sector Divergence
Indian equity indices extended weekly gains driven by optimism over a US-Iran peace pact and easing crude prices, despite tech sector setbacks and monsoon concerns.
Markets & Macro
AI Job Losses Could Spark Major Protests, Says Replika Founder
Eugenia Kuyda warns widespread job struggles linked to AI automation may trigger intense protests, challenging the belief that new technology will create enough new roles.