No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
The European Central Bank (ECB) is likely to raise interest rates by 75 basis points at the regulator’s next meeting in December. Robert Holtzmann, a member of the ECB's Governing Council, expressed support, stating that further monetary tightening is needed.
On Tuesday, the dollar weakened a bit and led to an increase in oil prices. Now there are worries on the market about a coming global recession.
Cleveland Fed President Loretta Mester said Monday that the Federal Reserve could move to a smaller pace of interest rate hikes starting next month as it adjusts its measures to combat high inflation and keep the economy growing.
Goldman Sachs forecast the growth of the US dollar against Asian currencies. If the situation with the Fed’s interest rates will get clear during the first half of 2023, the strengthening of the dollar must stop. In that case, the U.S. currency will gradually begin to decline.
Digital-asset brokerage Genesis tries to find new funds for its credit unit in various ways. The company also plans to inform potential investors about the risk of bankruptcy. According to the insiders, this will happen if the company fails to raise the necessary funds.
Gold prices rose on Tuesday, ranging between a two-week low. This is due to the Fed’s hawkish stance that pushed the dollar higher.
S&P Global Ratings predicts that the corporate default rate could reach 3.75%. This will likely happen if the U.S. Fed, instead of lowering inflation, achieves a slight economic downturn through its actions. In case of the recession, the projected rate increases to 6%.
CEO Randhir Thakur is leaving Intel Corp. He managed a key part of the chip maker's transformation plan
The Chinese and US defense ministers met on Tuesday for their second private talks this year, a US official said.
According to Monday’s announcement made by Moody's, an international rating agency, credit conditions for non-financial companies in Europe, Africa, and Middle East might deteriorate significantly in the following year.