Federal Reserve Chair Jerome Powell made it clear that the Fed will not cut interest rates again until inflation starts to cool. And this doesn’t even take into account the possible impact of the war in the Middle East. At Wednesday’s press conference, Powell emphasized that it is still too early to assess the impact […]
US President Donald Trump said that he “demanded” other countries contribute to the defense of the Strait of Hormuz because the strait is still effectively closed to oil tankers. “I really do ask these countries to step up and protect their own territory,” he told reporters on Air Force One on Sunday, but declined to […]
Despite the soaring oil prices causing traders to scale back their bets on how much the policymakers will lower borrowing costs this year, Morgan Stanley still holds firm to its prediction that the Federal Reserve will resume cutting interest rates in June and do so again in September. “We still expect in June and September, […]
Goldman Sachs strategists say there is still room for the US stock market to rise, and they expect the S&P 500 index (SP500) to reach 7,600 by the end of 2026 as corporate earnings expand and the economy continues to grow moderately. The bank expects the earnings per share of S&P 500 index component companies […]
Deutsche Bank has pointed out that it has a risk exposure of 26 billion euros (30 billion US dollars) in the private credit sector. This asset class is currently facing issues such as fund redemptions, reviews of underwriting standards, and the impact of artificial intelligence on some borrowers like software manufacturers. According to the annual […]
After investors sought to redeem an amount far exceeding the fund’s allowable redemption limit, Morgan Stanley and Cliffwater LLC restricted the redemption amount of their multibillion-dollar private credit fund. Cliffwater’s flagship private credit fund, which has assets of $33 billion, limited redemptions to 7% in the first quarter after investors had sought to withdraw a […]
The Wall Street Journal reported that the International Energy Agency proposed releasing the largest-ever amount of oil reserves in an effort by governments to curb the soaring energy prices caused by the war in the Middle East. According to the report, citing informed officials, the proposed release plan circulated at the emergency meeting of energy […]
US President Donald Trump said he would waive sanctions related to oil, have the US Navy escort oil tankers through the Strait of Hormuz, and predicted that the war with Iran would be “quickly” resolved. Meanwhile, he is facing growing economic and political pressure, as well as the sharp fluctuations in the oil market in […]
Senior strategist Ed Yardeni updated his outlook for the current “era of rapid change”, saying that as the escalation of the Iran war impacts global markets, the risk of a major sell-off in the US stock market this year is growing. Adeney has raised the probability of a market crash in the remainder of this […]
The Federal Reserve said that in recent weeks, economic activity in most parts of the United States has grown at a mild to moderate pace, but an increasing number of regions have reported that economic activity has been flat or declined. The Federal Reserve’s Beige Book survey released on Wednesday found that in many regions, […]