Markets
Yen Rebounds from 34-Year Low Against Dollar Amid BOJ Intervention Speculation
Amid speculation of Bank of Japan intervention, the yen rebounded from a 34-year low against the dollar.
Amid speculation of Bank of Japan intervention, the yen rebounded from a 34-year low against the dollar.
U.S. consumer confidence has hit its lowest since July 2022, sparking recession concerns as heightened prices lead to more savings and less spending.
The FOMC maintained the federal funds rate at 5.25-5.50%, citing 'lack of progress' toward its 2% inflation target and adjusting market expectations for future rate cuts.
Consumer confidence and employment trends in the U.S. signal a looming recession, with economic indicators like regional Fed surveys and a stagnant bond market highlighting increasing challenges.
Inflation continues to hit low-income consumers hardest, impacting their spending as noted by top companies.
The collapse of Republic First Bank, marked by aggressive expansion and financial missteps, signals potential systemic vulnerabilities in the banking sector that could herald a broader crisis.
The Bank of Japan is standing idly by while their currency depreciates past the limit set in September 2022. Is all hope lost for the Japanese Yen?
Recent U.S. GDP growth figures obscure deeper economic challenges, as rising costs and declining consumer spending hint at underlying vulnerabilities.
Amid speculation of Bank of Japan intervention, the yen rebounded from a 34-year low against the dollar.
U.S. consumer confidence has hit its lowest since July 2022, sparking recession concerns as heightened prices lead to more savings and less spending.
The FOMC maintained the federal funds rate at 5.25-5.50%, citing 'lack of progress' toward its 2% inflation target and adjusting market expectations for future rate cuts.
Consumer confidence and employment trends in the U.S. signal a looming recession, with economic indicators like regional Fed surveys and a stagnant bond market highlighting increasing challenges.
Inflation continues to hit low-income consumers hardest, impacting their spending as noted by top companies.
The collapse of Republic First Bank, marked by aggressive expansion and financial missteps, signals potential systemic vulnerabilities in the banking sector that could herald a broader crisis.
The Bank of Japan is standing idly by while their currency depreciates past the limit set in September 2022. Is all hope lost for the Japanese Yen?
Recent U.S. GDP growth figures obscure deeper economic challenges, as rising costs and declining consumer spending hint at underlying vulnerabilities.
Persistent food inflation in the U.S. continues to burden households with rising costs for staples like eggs and beef.
Escalating housing costs and soaring mortgage rates are pushing the American dream of homeownership out of reach for many, amid a static housing market and rising inflation.
The sharp decline of the Japanese yen, falling below 157 against the dollar, has ignited global market fears and spotlighted the limited impact of Japanese officials' interventions.
The DTCC's new rule, effective April 30, 2024, disallows Bitcoin and other digital asset ETFs from being used as collateral.
Republic First Bancorp's collapse and rescue by Fulton Financial signal deeper troubles looming for regional banks.
The U.S. housing market has seen median home prices soar to a record $383,725 with mortgage rates reaching 7.1%.
