The U.S. Might Already be Navigating an Economic Downturn
The U.S. economy may already be navigating a downturn, mirroring patterns seen in China where significant government debt underpins economic growth.
The U.S. economy may already be navigating a downturn, mirroring patterns seen in China where significant government debt underpins economic growth.
Harvard prof. Kenneth Rogoff said financial markets would impose restraint on any move by a US president to force the Fed into easing monetary policy.
It appears that the Federal Reserve is not yet prepared to reduce interest rates. This sentiment is echoed by the CME FedWatch Tool.
"Higher rates are now a systemic problem for equities," Piper Sandler chief investment strategist Michael Kantrowitz wrote in weekly note to clients.
According to Mark Spitznagel, rate cuts by the Fed would likely occur only under dire economic circumstances, signaling a potential recession.
Gold has experienced an unprecedented surge in 2024, defying expectations set by the macroeconomic climate.
Fulton Financial's shares jumped after it bought the deposits and assets of Republic First from the FDIC, in the first U.S. bank failure of 2024.