The latest survey by foreign media shows that economists expect higher inflation and GDP growth in the United States. Click to view...
Bank of America has revised its forecast for the Bank of Japan to raise interest rates in January, or this week, from March. The bank now expects the BoJ to raise interest rates by 25 basis points to 0.50 per cent at its policy meeting this Friday. A rate rise in March had previously been BofA's preferred forecast because it gave the BoJ more time to assess the policies of the new US administration. However, strong price data and the possibility that the BoJ board will need to revise its inflati...
JPMorgan cut its forecast for the number of Fed rate cuts this year from three to two.
The Fed's December meeting notes that staff forecasts that economic conditions in the United States will remain solid. Real GDP growth is expected to slow slightly from the previous baseline forecast, and the unemployment rate is expected to rise slightly, but still close to the staff's estimate of the natural rate of unemployment. In the staff's baseline forecast, the inflation forecast for 2024 is slightly higher than the forecast made at the last meeting, reflecting an unexpected upside from ...
Goldman Sachs said in a report that its forecast for the Federal Reserve to cut interest rates this year has been reduced from 1% to 0.75%, and reports of its rebound in underlying inflation have been greatly exaggerated. Core PCE inflation rose by an annualized 2.5% from September to November last year, slightly higher than the 2.3% increase in the previous three months, but lower than the 2.8% year-on-year increase, which is still in line with the phenomenon of continued decline...
Mr. Daly said the Fed was very pleased with its forecast of two rate cuts in 2025, while his own forecast was for much fewer cuts next year than previously expected.
Citi cut its expectations for the Federal Reserve's interest rate cut prospects, expecting only 25 basis points in December, and 50 basis points before the release of the US non-farm payrolls report.
Economists expect the November non-farm payrolls report to show that the U.S. created 200,000 jobs in November, while adding just 12,000 jobs in October due to distortions caused by two hurricanes and the Boeing strike. The unemployment rate is likely to rise slightly to 4.2% in November, compared to 4.1% in October. Meanwhile, average hourly earnings are expected to rise 3.9% in November, following a 4.0% increase in October. Powell said at an event this week that...
Bank of America expects the S & P 500 to post another double-digit gain in 2025, but says there are better opportunities for individual stocks outside the benchmark. In a note to clients on Tuesday, Savita Subramanian, the bank's head of U.S. equities and quantitative strategy, set its target for the end of 2025 at 6,666, about 11 percent higher than Monday's closing level of 5,997.
Sabato's Crystal Ball, a prominent US election forecaster, predicted on Monday that this year's election would result in a divided House of Representatives by one vote. "Like the presidential race, the race for the House is essentially a tug-of-war throughout the cycle," Larry Sabato, the agency's editor in chief, executive editor and deputy editor, wrote in an article published Monday. "We have always believed that the winner of the president and the House of Representatives is likely to be the...
HIVE Digital, a bitcoin miner, is expected to double its hashrate to 13 EH/s next year from 5.5 EH/s today, according to research published by Cantor, a brokerage. Cantor, which has a "overweight" rating on HIVE shares for the first time, has a target price of $9. The current share price is about $4.26, and the market has not yet fully reflected its potential. In addition, HIVE's expansion plans in artificial intelligence (AI) and high-performance computing (HPC) have also excited investors, wit...
Geoff Kendrick, an analyst at Standard Chartered, expects bitcoin to break above its all-time high of $73,000 on the day of the US Presidential Election. The forecast is based on an analysis of bitcoin derivatives and trading volumes. Kendrick said that if Donald Trump wins the election, the option price could rise by about 4%, and the total price could rise by 10% in the following days. In addition, the unpositioned squaring contract for bitcoin call options expiring on December 27 shows a stri...
Most economists polled by the media expect the BoJ to hold its base rate unchanged next week before raising rates in December or January. Almost all 53 BoJ watchers expect the BoJ to hold its ground on October 31, the survey showed. Some 53 per cent expect the BoJ to raise rates in December, the most popular timing. Those expecting a January rate rise jumped from 19 per cent to 32 per cent, while expectations for a rate rise this month fell.
Important news 1. Deposit interest rates will fall again? The market is expected to land this month, which can hedge the impact of the decline in existing housing loans. 2.10 CSI A500ETFs surged 22% on the first day of listing, and Cathay Pacific's scale broke through 4.40 billion. 3.The lowest rate for congeneric products in the whole market, Kechuang 100ETF Huaxia (588800) reduced fees. 4.Economist Yu Yongding: Increase the expansion of fiscal policy and achieve stable economic growth. 5.12 wi...
GOOLSBY, Federal Reserve: The Federal Reserve forecasts show that the vast majority believe that economic conditions will continue to improve over the next 12 to 18 months, with interest rates gradually falling sharply.