After several days of sharp falls in Japanese government bonds, the global financial markets were shaken, and traders were still stunned by the speed and extent of the decline. Pramol Dhawan, a fund manager at Pacific Investment Management Co., marveled that yields had jumped by 0.25 percentage points in a single trading day, which he […]
Tesla has released a series of sales forecasts, indicating that the outlook for its vehicle deliveries may fall short of the expectations of many investors. The forecast data released by the automaker on its website shows that analysts on average expect the company to deliver 422,850 vehicles in the fourth quarter, a 15% decline from […]
This year, crude oil prices have dropped significantly due to a surge in supply from OPEC+ and its rivals, while global demand growth has slowed. Top forecasting agencies, including the International Energy Agency, predict a severe supply surplus next year. Even the OPEC Secretariat, which is usually more optimistic than other institutions, forecasts a small […]
A survey by the Federal Reserve shows that respondents expect the total amount of reserve management purchases by the central bank as one of the measures to ease pressure in the money market to exceed 200 billion US dollars in the next 12 months. Fed policymakers decided at their December 9-10 meeting to start buying […]
The minutes of the Fed’s December meeting showed that most Fed officials believed that further rate cuts would be appropriate as long as inflation continued to decline, but they still had differences on when and by how much to cut rates. Minutes of the Federal Open Market Committee meeting held on December 9-10, released in […]
President Donald Trump has hinted that he already has a preferred candidate for the chairmanship of the Federal Reserve, but he is in no hurry to announce it – and he also hinted that he might fire the current Fed chair Jerome Powell. “I do have one, and I still do – that hasn’t changed,” […]
After a strong rally at the end of the year pushed gold and silver to record highs, traders rushed to take profits, causing the prices of the two metals to plummet. The lack of market liquidity exacerbated the price volatility. Spot gold prices once dropped by 5%, marking the biggest one-day decline since October 21 […]
The indicator measuring the volatility of the US bond market is on track for its biggest annual decline since the financial crisis, as the Fed’s rate cuts have eased the risk of a recession. The ICE BofA MOVE index, which gauges expected bond market volatility, dropped to around 59 on Friday, the lowest level since […]
In the just-ended 2025, new car sales in the UK surpassed 2 million units for the first time since the outbreak of the pandemic, partly due to car manufacturers offering more than 5 billion pounds (6.7 billion US dollars) in discounts for electric vehicles. The Society of Motor Manufacturers and Traders (SMMT) said on Tuesday […]
Neil Kashkari, president of the Federal Reserve Bank of Minneapolis, said that the current interest rate might be close to the neutral level for the US economy, and the central bank’s actions would depend on the upcoming data. Over the past few years, we have always believed that the economy would slow down, but it […]