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UK Economy Headed for a Rocky End of 2023 and Risk of Recession
The UK economy is heading for a rocky final quarter of 2023 after a string of indicators this week prompted the Bank of England to halt its quickest monetary tightening in three decades. Recession warnings are flashing, with a survey of purchasing managers pointing toward a contraction and potential jump in unemployment. The result prompted a quick shift in the policy debate away from fighting inflation and toward the risks buffeting the economy. While this week’s data showed that the threat from inflation is in retreat, there were several concerns about a protracted downturn are rising up the agenda, complicating ... (full story)
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From @sevenloI|Sep 22, 2023|1 commentpost: Fed’s Daly: Holding Rates This Week Doesn’t Predict What We Will Do Next Fed’s Daly: We’re Holding Rates Steady to Collect Information to See if More is Necessary post:
FED'S DALY: WE NEED TO GO AT A SLOWER PACE. post: FED'S DALY: I'M NOT READY TO DECLARE VICTORY. post: FED'S DALY: WE WILL NOT BE SATISFIED UNTIL WE'RE CONFIDENT INFLATION IS ON A PATH BACK TO STABILITY. post: FED'S DALY: THE US ECONOMY HAS A LOT OF MOMENTUM.
From corporate.nordea.com|Sep 22, 2023While some central banks are still hiking rates and others are not, most are probably at least near peak rates. Market pricing has moved clearly also longer out, and rates are ...
From think.ing.com|Sep 22, 2023Back in July, we called for the US 10yr yield to break back above 4%. Since then, we’ve commented on the bear market that is US bonds and in the past month, we’ve been calling for ...
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From cityindex.com|Sep 22, 2023The US Dollar bullish theme has continued to run and the September FOMC rate decision seemed to do little to tame that trend. While the Fed is still forecasting rate cuts for ...
From econostream-media.com|Sep 22, 2023The following is an overview of recent comments made by European Central Bank Governing Council members. We include only comments made since the Governing Council meeting of 14 ...
From bnnbloomberg.ca|Sep 22, 2023Federal Reserve Governor Michelle Bowman signaled that she favors raising interest rates again and probably more than once, suggesting she would move more aggressively than her US ...
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- Posted: Sep 22, 2023 1:33pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,005
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