said for the year. absolutely, and a lot of the story since the market opened this morning, the dow jones currently down 800 points, about 2.7%. if it stays at that level, through the market close, in about an hour, that would be the lowest level that we ve seen the dow in 2022, and what has already been a brutal year for markets. and the big reason for all of this, have to rewind back to wednesday when the federal reserve, the nation s economic steward raised interest rates for the fifth consecutive time this year. that s to try to raise borrowing costs, to take some steam out of an overheating u.s. economy and which has led to the high inflation that we ve seen. the concern though, that the federal reserve is going to have to slow the economy too much, to get ahead of that high inflation. the fed chair jay powell saying earlier this week he s not sure if this process leads to a recession. that s why you have some on wall street calling for and projecting an increase in th
Was weaker than we expected in the Fourth Quarter of last year but we think the First Quarter of this year has been a bit stronger, which will lead the level of Economic Activity broadly when we thought it would be. 12 months Consumer Price inflation fell from 4 in december to 3. 2 in march, its lowest rate since december 2021. March, its lowest rate since december2021. 0. I march, its lowest rate since december 2021. 0. 1 higher than we expected in february. The decline was spread across food, core goods and services. Energy prices have also continued to contribute negatively to the Headline Inflation rate. As a lower 0fgem cap on Household Energy prices come into effect in april, we expect Headline Inflation to drop further to a level very close to target in the next few months. But we then expected to edge up months. But we then expected to edge up a again. This absence of data surprises is an indication that we are now getting back to more normal times, at least compared to the hig
Business activity in India’s services sector softened in April but remained near its highest level in just under 14 years. However, some signs of weakness are emerging amid concerns that interest rates will stay higher for longer.
India Business News: NEW DELHI: Riding high on robust domestic demand activity in the country’s manufacturing sector in April recorded the second fastest expansion in thre.