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China's Central Bank Cuts Rates to Boost Post-COVID Recovery
This week, the market was focused on the CPI reading for May and the Fed's benchmark rate decision. The consumer price index cooled,...
Ballestas Group
Jun 15, 20231 min read
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Saudi Arabia Slashed Oil Production Further in Anticipation of Sluggish Global Growth
Until the last week, the anticipation in the market was that the Federal Reserve would not increase rates in the upcoming FOMC meeting in...
Ballestas Group
Jun 8, 20231 min read
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Debt Ceiling Approved, Job Market Thrives
The bill, which was agreed upon over the weekend between the White House and Speaker of the House Kevin McCarthy, to prevent reaching the...
Ballestas Group
Jun 1, 20231 min read
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Rising Inflation and Impending Debt Crisis
The personal consumption expenditure (PCE) price index, the US Federal Reserve's preferred inflation gauge, rose 4.7% year-on-year in...
Ballestas Group
May 29, 20231 min read
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Debt Ceiling Negotiations Continue
Negotiations on the debt ceiling continued during the week. On the investor side, concerns that the US Treasury will default on its...
Ballestas Group
May 18, 20231 min read
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FED Halt, Debt Talks, and Job Slowdown
Expectations are increasing that the FED will halt the rate hike at the next monetary policy meeting, given the April inflation data and...
Ballestas Group
May 11, 20231 min read
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US Federal Reserve raises benchmark rate, job market remains strong but challenges persist
During their Wednesday meeting, the Federal Reserve opted to raise their benchmark rate by 25 bps, pushing it to a range of 5%-5.25%....
Ballestas Group
May 4, 20231 min read
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Debt Ceiling Debate and Economic Indicators: A Look at the Latest Updates
Kevin McCarthy, the President of the US House of Representatives, has stated that the Republicans will introduce a plan to increase the...
Ballestas Group
Apr 20, 20231 min read
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Fed Minutes and Inflation Figures Raise Concerns
The minutes of the Federal Reserve's March meeting suggest that the organization's members are preparing for a mild recession, which they...
Ballestas Group
Apr 13, 20231 min read
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First Sign of Weakening Labor Market as Job Offers Hit Two-Year Low
After his first day in court, former President Donald Trump will face 34 counts of falsifying business records. According to the charging...
Ballestas Group
Apr 6, 20231 min read
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FDIC Considers Making Big Banks Pay for Failures to Protect Smaller Ones
According to a report from Bloomberg, the FDIC is considering forcing the largest banks to absorb more of the $23 billion costs...
Ballestas Group
Apr 2, 20231 min read
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Credit Suisse's Loss Sparks European Market Decline Amid Banking Crisis
Last Wednesday, as expected, the Federal Reserve raised the reference rate by 25 bps, thus reaching the target range of 4.75% - 5%. The...
Ballestas Group
Mar 23, 20231 min read
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Awaiting the Fed's Decision
This was a difficult week for North American banks, especially for the so-called regional ones which have faced large deposit outflows....
Ballestas Group
Mar 20, 20231 min read
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Exploring the Causes and Implications of the Recent Regional Bank Failure
The Federal Reserve Chairman, Jerome Powell, delivered a speech on Capitol Hill in which he stated that the Fed is willing to accelerate...
Ballestas Group
Mar 10, 20231 min read
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US Economy Grows Amid Inflation Concerns and Rate Uncertainty
The growth of the economy in the United States shows that inflation continues to be persistent and with it the uncertainty about how long...
Ballestas Group
Mar 6, 20231 min read
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The Good news is Bad News Narrative Returns
Investors are anticipating further rate hikes from the Federal Reserve as Fed funds futures suggest a 0.25% increase at each of the...
Ballestas Group
Feb 27, 20231 min read
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US Inflation Moderates in January, But Fed Remains Hawkish: A Look at the Latest Economic Data
In January, US consumer and producer prices rose at a slower pace than in the previous month, but they still exceeded expectations. The...
Ballestas Group
Feb 17, 20231 min read
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Strong Job Growth and Low Unemployment Rates: Fed May Need Further Action
The Federal Reserve raised its key interest rates by 25bps on Wednesday, bringing the range to 4.50% to 4.75%. Despite initial market...
Ballestas Group
Feb 4, 20231 min read
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Anticipating Fed's Move Amid Conflicting Data
The latest U.S. GDP figure showed slower growth, but a slower pace of slowdown than anticipated. The U.S. saw 2.9% growth in 4Q, down...
Ballestas Group
Jan 30, 20231 min read
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U.S. Reaches Debt Limit, Causing Congressional Tension
The U.S. Treasury Department estimated that the $31.4 trillion U.S. debt ceiling would be hit as early as Thursday, January 19th....
Ballestas Group
Jan 23, 20231 min read
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