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Banking, Economy

“Federal Reserve expected to raise interest rates 0.25%, investors debate next steps”

“The Federal Reserve will kick off its latest two-day policy meeting on Tuesday with officials expected to announce a 0.25% increase in its benchmark interest rate on Wednesday, a move many believe could be the final rate hike of the… Continue Reading…

Economy

“China’s recovery is taking longer than expected, so Citi is pushing back its stock rebound forecasts”

“…Instead of June, Citi now expects it will now take until the end of September for the Hang Seng Index to reach 24,000, analysts said in a report Thursday. That’s about 18% above current levels. The Hang Seng Index closed… Continue Reading…

Economy

“Private payrolls rose by 242,000 in February, better than expected, ADP says”

“…Private payrolls increased by 242,000 for the month, ahead of the Dow Jones estimate for 205,000 and well above the upwardly revised 119,000 jobs gain, from 106,000, in January. Wage growth decelerated slightly, with those remaining in their jobs seeing… Continue Reading…

Economy

“Car insurance rates are expected to rise 8.4% in 2023…”

“Car insurance costs are on the rise in 2023. According to personal finance website ValuePenguin, insurance rates across the US are expected to rise by 8.4%, bringing the total average premium for full coverage to $1,780 per year. Pricier cars… Continue Reading…

Economy

“Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling”

“Wholesale prices rose more than expected in November as food prices surged, dampening hopes that inflation could be headed lower, the Labor Department reported Friday. The producer price index, a measure of what companies get for their products in the… Continue Reading…

Economy

“U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong”

“…Nonfarm payrolls grew by 261,000 for the month while the unemployment rate moved higher to 3.7%, the Labor Department reported Friday. Those payroll numbers were better than the Dow Jones estimate for 205,000 more jobs, but worse than the 3.5% estimate… Continue Reading…

Business, Economy

“Business travel costs are expected to rise through 2023, industry report says”

“…Business travel airfare is on track to rise nearly 50% this year over 2021, following two years of steep declines, according to a report from travel management company CWT and the Global Business Travel Association. Next year, fares are set… Continue Reading…

Economy

“Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit”

“Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices. On a monthly basis, prices were… Continue Reading…

Economy

“Payrolls increased 372,000 in June, more than expected, as jobs market defies recession fears”

“Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones… Continue Reading…

Precious Metals

“Global Silver Demand Expected To Rise To A Record Amount In 2022”

“EDITOR’S NOTE: Good news for silver bulls. The Silver Institute is expecting fabrication, jewelry, and silverware usage to rise significantly in 2022. The industrial component represents a significant expansion in consumption as EV production gets underway. If EV and other green… Continue Reading…