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Tue, May 21, 2024 11:51 AM All times are UTC

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FOMC will reduce its estimate of NAIRU at March meeting: Danske Bank

Feb 20, 2015 08:23 am UTC| Commentary

Quotes from Danske Bank: -We find it likely that the FOMC will reduce its estimate of the NAIRU at the upcoming March meeting, a guesstimate is from the current 5.4% to around 5.0%. -If our forecast on the unemployment...

Current level of underemployment in US not enough to keep rate hikes off the table: Danske Bank

Feb 20, 2015 08:22 am UTC| Commentary

Quotes from Danske Bank: -Given the extremely low level of the fed funds rate, the current level of underemployment is not enough to keep hikes off the table, in our view. It rather serves as a reason why the Fed will...

US GDP growth to reach 3.0% this year and 2.5% in 2016: Danske Bank

Feb 20, 2015 08:21 am UTC| Commentary

Quotes from Danske Bank: -We expect US GDP growth to reach 3.0% this year and 2.5% in 2016. This is well above potential growth, which the CBO estimates at 1.7% this year and should support continued job growth at an...

Fed will deliver around 100bp in rate hikes the first year: Danske Bank

Feb 20, 2015 08:19 am UTC| Commentary

Quotes from Danske Bank: -Once the Fed starts the hiking cycle, we think they will take a gradual approach. With core inflation running below the 2% target until late 2016, we think the Fed will deliver around 100bp in...

FOMC to ultimately attach more weight to continued labour market improvement: Danske Bank

Feb 20, 2015 08:18 am UTC| Commentary

Quotes from Danske Bank: -Our long-held view is that the Fed will deliver the first 25bp rate hike in June this year. We still see a reasonable probability of a hike in June, but acknowledge that the low level of core...

CBRT to adopt a prudent stance next week: UniCredit

Feb 20, 2015 08:13 am UTC| Commentary

Quotes from UniCredit Research: -We expect the CBRT to adopt a prudent stance next week and cut the one-week repo rate by a moderate 50bp to 7.25%. While this would probably cause another episode of political backlash, it...

Vietnam February CPI inflation likely to ease slightly to 0.8% y/y: Standard Chartered

Feb 20, 2015 08:11 am UTC| Commentary

Quotes from Standard Chartered: -Vietnam will release key February economic data during the week of 23 February, including inflation, industrial production (IP), retail sales and trade data. -We expect CPI inflation to...

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Economy

Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon

Central banks in Europe are discovering an old dilemma: when they lower interest rates because inflation is slowing down, its likely to weaken their currencies. This in turn may delay the fall in inflation towards their...

Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity

Some believe that the war in Ukraine has fundamentally changed Europe, giving birth to a different kind of European order. That is, it appears to be driving structural shifts in the way Europe is run and organised that...

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal...

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Politics

Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act

At the end of April 2024, a long and peaceful process of national dialogue in Gabon between the military junta, presided over by coup leader General Brice Oligui Nguema, and civil society, represented by 580 civilians,...

How German media attention idealises female Ukrainian refugees

According to the latest available data, around 3.7 million Ukrainians are internally displaced, while nearly 6.5 million have registered as refugees globally. With 1.13 million, Germany has taken in the largest...

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africas 2024 national and provincial general elections, set for 29 May. The countrys social grants system is one...

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

Technology

Tesla's ‘Cybercab’ Robotaxi Interior Leaked in New Promotional Video

Tesla may have unintentionally leaked the interior of its highly anticipated Cybercab Robotaxi in a recent promotional video, sparking excitement and speculation. Teslas Robotaxi Vision Unveiled Over the past few...

Tron Founder Justin Sun's $2.5 Billion Ethereum Stash Sparks Investor Interest

Tron founder Justin Suns $2.5 billion Ethereum investment is stirring significant market interest, highlighting his confidence in the cryptocurrencys future. Justin Suns Ethereum Holdings Explained Tron founder...

Ethereum Price Target Reaches $4,000; Altcoins Gain 20% Amid Market Rally

Ethereums price target has climbed to $4,000, reflecting market momentum. Meanwhile, altcoins have gained 20%, contributing to the market rally. SEC Decision Could Propel Ethereum Price Beyond $4,000 On Monday, the...

Shibarium BONE Token Set for Potential Binance Listing, Price Up by 5%

Binances recent request for project proposals has ignited the Shiba Inu community, fueling a 5% surge in BONE token price amid speculation of a potential listing. Binances New Strategy Supports Small-to-Medium...

Wendy’s Launches $3 Breakfast Deal as McDonald’s Tests Limited $5 Value Meal in June

Wendys will offer a $3 breakfast deal starting May 20, while McDonalds plans a $5 value meal for June, reflecting a strategic push to attract budget-conscious consumers amid high inflation. Wendys $3 Breakfast Deal...