New York CNN Business — Deutsche Bank raised eyebrows earlier this month by becoming the first major bank to forecast a US recession, albeit a “mild” one. Now, it’s warning of a deeper downturn caused by the Federal Reserve’s quest to knock down stubbornly high inflation. “We will get a major recession,” Deutsche Bank economists … Read more
Berlin could handle an embargo on Russian oil imports, Germany’s Climate and Economy Minister Robert Habeck said on Tuesday, suggesting the country could end its dependence on Moscow within “days.” Habeck, speaking at a press conference in Warsaw, said that Germany had managed to slash its reliance on Russian oil by two-thirds in recent weeks, … Read more
Gold Price is correcting to the upside and breaking into the $1,900s in Asia as the US dollar is faded. The aggressive gestures from Fed policymakers have already prepared investors for a jumbo rate hike. On Tuesday, US Consumer Confidence and Durable Goods Orders will remain in focus. Gold Price is rising in Tokyo as … Read more
XAU/USD finds a short-lived cushion near $1,895.00 after the carnage on Monday. The aggressive gestures from Fed policymakers have already prepared investors for a jumbo rate hike. On Tuesday, US Consumer Confidence and Durable Goods Orders will remain in focus. Gold (XAU/USD) has witnessed a sheer downside since Monday after slipping below the previous consolidation … Read more
LONDON — Overcoming doggedly high inflation requires interest rates to be pushed into the “pain zone.” But whether any central bank has the nerve to do it is the question, according to investment manager Man Group. “To actually fight inflation will require a central bank to show that they’re willing to put rates into the … Read more
PRICES INCREASE FOR FOOD AND SERVICES Food inflation rose to 3.3 per cent in March compared to 2.3 per cent in February as the prices of both non-cooked food and food services increased at a faster pace. Services inflation went up to 2.6 per cent in March, compared to 2 per cent in February. “Services … Read more
Benjamin Gibson, a pharmacist in San Antonio, Texas, makes more than $100,000 a year and owns his own home. And yet, Gibson, 40, struggles to afford basic necessities, including groceries and gas. “When you are used to spending a couple of dollars on fruits and vegetables and then you’re paying a lot more, it stresses … Read more
This could well be the crucial week in this year’s election campaign. On Wednesday, we’ll get the inflation figures. And, if as expected, they show a dramatic leap in the cost of living, there’s a chance that it could force the Reserve Bank of Australia to hike interest rates right before the May 21 poll. … Read more
USD/JPY is auctioning in a minor range of 127.82-128.71 as investors await Japan’s inflation. The BOJ will continue to stick with an ultra-loose policy despite a higher reading of inflation. The asset is balancing despite broader weakness in yen and a rebound in the DXY. The USD/JPY pair is displaying back and forth moves within … Read more
Is art, wine or bitcoin BTCUSD, -0.05% a good alternative bet in these uncertain times, particularly as investors in stocks and bonds reel from a bruising start to 2022? With few corners of financial markets left unscathed by volatility tied to rising interest rates, a surge in the cost of living, and Russia’s war in … Read more