Federal Reserve Chair Powell is set to speak on Thursday, September 8th, 2022 in Chicago. Head of the Chicago Fed, Evans, is also scheduled to speak. 09:10 am NT time, which is 1310 GMT. Fed Chair Powell Speaks Discussion point: The monetary policy landscape has changed a lot in the past 40 years. Central banks…
The one-sentence summary of his speech is that LOWE sees further rate rises as still required, just at a slower than pace than we’ve had. In order to bring supply and demand back into balance, demand must grow more slowly than it has been. There is significant demand for higher inflation, not just from a…
Goldman Sachs has forecasted that the Federal Open Market Committee (FOMC) will raise rates by 50 basis points (bp) in September. However, they have recently revised this prediction to say that the FOMC will actually raise rates by 75bp. The Federal Reserve is expected to raise interest rates by 0.50 basis points in November, followed…
The dollar is continuing to show strength in trading this week, with today being no different. The greenback is sitting firmer across the board and is pushing certain boundaries. As noted earlier, the dollar is currently the cleanest shirt among the dirty laundry. The current forecast for EUR/USD shows that there is more potential for…
The dollar is currently on an upward trend, and looks poised to continue climbing higher in the near future. This upward momentum could provide a great opportunity to buy USD-denominated assets or currency. On Friday, the United States jobs report was positive but with negative news of Russia halting the Nord Stream pipeline, the main…
Toyota Indus Motor Company’s net profit rose by 23% to Rs. 15.80 billion in the year ended June 30, 2022, thanks to an increase in sales and income from other sources, according to a filing on Tuesday. However, in the fourth quarter (April-June 2022) alone, its net profit shrank by 90% to Rs. 0.51 billion…
Twitter’s long-awaited edit button is finally here… but there’s a catch. The feature isn’t free to use. In order to access it, users will need to pay a small fee. This news may come as a disappointment to many, who have been waiting for the edit button to be rolled out for years. But it’s…
Pakistan continues its battle against deadly floods triggered by the heaviest monsoon rains in a decade, Google has announced a $500 million (Rs110 million) donation for the flood affectees. The floods have killed almost 1,200 people and submerged one-third of the country, and Google’s donation will go towards relief efforts. Google said that it would…
Most parts of Balochistan have been without gas and electricity supply for the past six days as the unprecedented floods triggered by the above-normal monsoon rains caused widespread devastations and badly disrupted daily life in the calamity-hit province. With four more fatalities during the past 24 hours, the death toll from torrential rains and flash…
More than tens of thousands of people in Pakistan have been forced from their homes in the past 24 hours as floods swept downriver. Many of those affected are living in camps set up on higher ground. The disaster has been compounded by a heatwave and low water levels in reservoirs. More than 10,000 people…