On Friday, the International Monetary Fund (IMF) slashed its forecast for economic growth in the United States, as demand appears to be cooling down in the face of an aggressive hike in the interest rates by the US Federal Reserve.…
On Thursday, the main indexes on Wall Street recorded solid gains, thanks to strong performance from tech and defensive shares that outweighed drops in economically sensitive groups, as concerns about an economic recession persisted. Stocks Pick Steam During the trading…
Briefly – USD remains stronger Commodities prices weaken. COVID-19 still hindering China. AUD Fundamental Backdrop The Australian dollar surrendered most of its (yesterday's) marginal gains amid soaring risk sentiment. Meanwhile, the United States dollar appears strong as commodities prices resorted…
According to analysts, there are growing risks of inflation becoming entrenched in the Canadian economy. This is because the increase in gas prices and of other consumer items is rendering the efforts of the Bank of Canada useless in terms…
On Thursday, the central bank in Argentina hiked up their interest rate, following the footsteps of some of the other global central banks in order to stave off the surging inflation in the country that has gone beyond 60%. The…
Alonzo Powell
Earl Coleman