JP Morgan & Co. chief executive officer Jamie Dimon sounded a warning for the US economy, as he flagged stagflation risk amid multiple challenges like geopolitics, deficits and price pressures. Speaking at JPMorganâs Global China Summit in Shanghai, Dimon rejected the idea that the US economy is currently in a âsweet spot.â Stagflation is an…
Moodyâs Investors Service downgraded the United Statesâ sovereign credit rating on Friday, citing rising concerns over the nation’s growing $36 trillion debt burden. The credit rating agency lowered the US government’s long-standing rating by one notch to âAa1â from âAaaâ and revised its outlook to âstableâ from ânegative.â Moodyâs had maintained the United Statesâ top-tier…
The yield on the benchmark Treasury 10-year note rose almost one-half percentage point this past week to 4.49% in often chaotic trading that former Treasury Secretary Larry Summers likened to an occurrence in an emerging market country. The 30-year Treasury came close to 5% on Friday before pulling back to a 4.9% yield. The sharp…
The US dollar index, which measures the greenback against six major peers, extended its decline to the fourth straight session on Friday, April 11, tumbling 2% to slip below the 100 mark for the first time since July 2023, reaching 99.02. With today’s fall, the US dollar has lost 4.21% of its value so far…
Itâs easy to think that the Jerome Powell-led US Federal Reserve has been one of the unluckiest on record. From the 2020 pandemic and its messy aftermath to the current tariff-induced economic and financial volatility, it has faced one big external shock after the other. Powell has had repeated run-ins with President Donald Trump, lost…
Donât expect the Federal Reserve to rescue the US economy from the epic tariffs imposed by the Trump administration on imports from most of the world. The only question now is how bad the damage will be. The US Presidentâs attack on free trade is truly extraordinary in its scope, scale and lack of nuance….
After all, the US was pretty close to full employment and its labour market has been fairly tight for years. Inflation had begun to float down. So it is inexplicable why he would break something that wasnât broken. As Fareed Zakaria set out in a recent video, in 1990 the US economy was the same…
Market crashes around the world in response to the US presidentâs harsh levies, it seems, have been the trigger. Also Read: Mint Quick Edit | Mondayâs market mayhem was no surprise Billionaire hedge fund manager Bill Ackman, Republican Senator Ted Cruz and even Elon Musk are among those who have expressed qualms over what the…
As US President Donald Trump sends shockwaves through global markets, one asset class that stands gleaming is gold. On Tuesday, its price reached a new record high of nearly $3,150 per ounce in the international market amid concerns over the global economy taking a big hit once Trumpâs reciprocal tariffs come into force from 2…
Analysts at Goldman Sachs have raised US tariff assumptions for the second time in less than a month, expecting the average tariff rate to rise 15 percentage points in 2025. Terming the revision a “more aggressive assumption for reciprocal tariffs” Goldman Sachs said it expects US President Donald Trump to announce an average 15 per…
