U.S. Dollar Is Mostly Flat At The Start Of The Week U.S. dollar is swinging between gains and losses as Treasury yields pull back. Traders are cautious ahead of CPI data, which will be released tomorrow. Analysts expect that Inflation Rate declined from 7.7% in October to 7.3% in November. […]
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World Economic Forum chair Klaus Schwab declares on Chinese state TV: ‘China is a model for many nations’
World Economic Forum founder and Chair Klaus Schwab recently sat down for an interview with a Chinese state media outlet and proclaimed that China was a “role model” for other nations. Schwab, 84, made these comments during an interview with CGTN’s Tian Wei on the sidelines of last week’s APEC […]
Dow Jones Reverses Lower After Key Economic Data; Pfizer, Uber Jump On Earnings
The Dow Jones Industrial Average briefly rallied more than 200 points Tuesday morning before reversing lower after a heavy slug of economic reports. Later, investors will shift their attention to the Federal Reserve’s two-day meeting, with an interest rate decision due Wednesday. X The Purchasing Managers’ Manufacturing index, or PMI, […]
U.S. Forecast: Pasta Bowl Recession Should Help Squash Inflation
U.S. consumers powered the recovery following the pandemic but high gasoline and energy prices and food and housing costs have eroded their purchasing power and triggered the Pasta Bowl Recession, says Sean Snaith, national economist and director of UCF’s Institute for Economic Forecasting, in his latest U.S. Economic Forecast. “The […]