[ad_1] William Lee, Chief Economist and Executive Director of The Milken Institute said that the slowdown in US consumer spending is a positive development, as the economy was previously growing at an unsustainable rate above 2%. “There is without a slowdown in the US economy because it was growing at a very unsustainable pace, well […]
US Fed likely to cut rates two to three times this year, says Manulife’s Marc Franklin – CNBC TV18
[ad_1] The US Federal Reserve is still expected to cut interest rates two to three times this year despite ongoing market volatility, according to Marc Franklin, Deputy Head of Multi Asset Solutions-Asia at Manulife Investments. Market expectations have fluctuated, but Franklin stated, “Two to three cuts by the Fed this year is a reasonable base […]
Will there be a global recession in 2025? – CNBC TV18
[ad_1] As 2025 draws closer, fears of a global recession are growing, with several major economies showing clear signs of strain. A recession, characterised by two consecutive quarters of gross domestic product (GDP) contraction, reflects a significant decline in economic activity. In Europe, Germany, the region’s largest economy, is under significant pressure. High energy prices, […]
Why the US market could correct 20% in 2025: Mark Matthews of Bank Julius Baer explains – CNBC TV18
[ad_1] The US equity market could see a 20% correction in 2025, according to Mark Matthews of Bank Julius Baer & Co. He cites high valuations, narrow market breadth, and inflation risks as the key reasons behind his prediction. “The market is expensive. It has only been this expensive twice before—the dot-com bubble and the […]
Wall Street falls sharply to close its worst week in nearly 18 months – CNBC TV18
[ad_1] Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy. The S&P 500 dropped 1.7% to close out its worst week since March 2023. Broadcom, Nvidia and other […]
Dow Jones drops nearly 1,000 points, Nasdaq tumbles 4% on investor fears over slowing growth – CNBC TV18
[ad_1] US stocks opened sharply lower on Wall Street as investors feared a US economic slowdown with the Dow Jones Industrial Average dropping almost 1,000 points. The S&P 500 was down by over 3% in early trading, coming off its worst week in more than three months. The tech-heavy Nasdaq composite slid 3.8%. The global […]