Investor concerns that the US economy is overheating are giving way to recession jitters as analysts fret the Federal Reserve could stifle growth with its rapid tightening of monetary policy. Markets are pricing in an aggressive path for Fed rate rises in the coming months while also signalling expectations that the central bank will then
NEWYou can now listen to Fox News articles! Former Secretary of State Mike Pompeo says the threat from the Chinese Communist Party is “inside the gates” of the United States, as he backed strong language from FBI Director Christopher Wray about the Beijing threat and warned of the risks to privacy from Chinese control of
Yahoo Finance’s Alexandra Semenova joins the Live show to break down economic data to watch for this week. Video Transcript BRAD SMITH: I want to quickly mention some economic data that just crossed. Pending home sales unexpectedly rebounded in May after declining for six straight months. That number coming in at 7/10 of a percent
Text size China’s monthly manufacturing data is expected to show growth for June. Here: a production line at an electrical factory in Beijing. Jade Gao/AFP via Getty Images After two months of strict pandemic lockdowns, Shanghai gradually returned to life in June, and recently announced openings—restaurant dine-in starting June 29, Shanghai Disneyland on June 30—will
Fundamental Euro Forecast: Bullish Friday’s economic statistics showing a second-quarter Eurozone GDP growth rate of 13.7% year/year and a July inflation rate of 2.2% year/year will likely turn the European Central Bank more hawkish on monetary policy; a positive for EUR/USD and the Euro crosses. Moreover, the pair eased Friday after strengthening from Monday to
Text size Treasury yields climbed Thursday after a couple of economic data points indicated a continued U.S. recovery and amid reports that a coming budget proposal from the White House would, if adopted, boost federal spending to the highest levels since World War II. The economic recovery is among the factors driving Treasury yields higher.