Business Maverick: US Stocks Decline as Recession Fears Intensify

by the Federal Reserve in the coming year, with interest-rate cuts in the middle of 2023.

“If the Fed changes course now, they might as well pack their bags and turn the lights off,” Kenneth Polcari, senior market strategist for Slatestone Wealth LLC, wrote in a note. “Yes, the economy is slowing but inflation continues to be an issue and that is the focus now.”In Australia, the central bank raised its key interest rate as expected to 1.35%. It’s among more than 80 central banks to have raised rates this year. The nation’s dollar weakened after the decision.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks inch up as easing of US-Sino tensions offers respiteInvestors still assessing threat of global recession
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Developers claim algorithm predicts crime in US cities before it happensSocial scientists at the University of Chicago have developed a tool that uses historical data on violence and property crimes to predict future events. They had this for a while but it was considered racist. They then had to go back to the drawingboard to tweak the algorithm which lead to this, version 2.0. More in tune with political and corporate woke sentiment. Clearly these scientists have not seen minority report.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Bruised Emerging Markets Are Battle-Ready for a US RecessionEmerging markets are well positioned to stare down a US recession and may even be able to lure investors their way.
Source: dailymaverick - 🏆 3. / 84 Read more »

Global stocks firmer as oil price reboundsUS stock markets are shut on Monday for Independence Day
Source: BDliveSA - 🏆 12. / 63 Read more »

Offshore investors net buyers of SA stocksOffshore investors bought a net R1.73 billion ($106.07 million) of South African stocks last week, data from the Johannesburg Stock Exchange showed on Monday. Moneyweb Offshore Sales
Source: Moneyweb - 🏆 5. / 77 Read more »