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Search resuls for: "Institute of Supply"


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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewInvestors are underestimating the risk of an economic slowdown, and "greedflation" among companies can't prop up the market any longer, Société Générale said in a note this week. Firms hiking prices likely helped avoid a deeper slump in profits stemming from a slowing economy, Société Générale strategist Albert Edwards said. "The Greedflation driven surge in margins helped stop the profits slowdown turning into a deep downturn. A recession still poses a decent risk to the economy, though investors have warmed up to the prospect of a soft-landing.
Persons: , Société Générale, they're, Société, Albert Edwards, Greedflation, Edwards, , Evercore, quant, Andrew Lapthorne, David Rosenberg Organizations: Service, Business, Bureau of Labor Statistics, Federal Reserve, New, Fed, Institute of Supply, Evercore ISI
LONDON/HONG KONG, July 4 (Reuters) - Global stocks held steady on Tuesday, as investors balanced the inflationary force of rising oil prices with hopes that central banks would not over-tighten monetary policy into a potential recession. Earlier in the session, Australia's central bank held interest rates steady at 4.1%, saying it needed time to assess the economic impact of its rate hikes so far. Complicating the outlook for inflation, oil prices rose on Tuesday as markets weighed supply cuts for August by top producers Saudi Arabia and Russia. Brent crude futures climbed 0.6% to $75.09 a barrel, with West Texas Intermediate crude adding the same amount to $70.23. "At least the improved supply-demand imbalance seems to be having an effect on price pressures," Capital Economics global economist Ariane Curtis said.
Persons: Europe's, Brent, Ariane Curtis, Curtis, Manishi Raychaudhuri, Raychaudhuri, Schatz, Paul Volcker, Ankur Banerjee, Sam Holmes, Himani Sarkar, Alex Richardson Organizations: U.S . Federal Reserve, Wall, West Texas, Institute of Supply Management, Economics, Asia, BNP Paribas, Treasury, Independence, U.S, Fed, Thomson Locations: HONG KONG, Saudi Arabia, Russia, U.S, Singapore
White House hails the end of the supply chain nightmare
  + stars: | 2023-06-08 | by ( Matt Egan | ) edition.cnn.com   time to read: +4 min
New York CNN —White House officials on Thursday hailed the unclogging of supply chains and suggested that further easing of bottlenecks will help cool inflation. “Critical supply chains are significantly more fluid and resilient than they were when the President took office,” White House officials wrote in a supply chain scorecard shared first with CNN. The traffic jam of vessels backed up ports, once a symbol of the supply chain crisis, has all but disappeared. The White House economists said it is a “positive development for consumers” and struck a hopeful tone it will continue. The blog post said there is a high correlation between producer prices and supply chain pressures, suggesting the easing in supply chain pressure may continue to cool inflation.
Persons: , Biden, Biden’s, ” Lael Brainard, ” Torsten Slok, Organizations: New, New York CNN, White, CNN, National Economic Council, Consumers, IRI, Shipping, New York Federal, Apollo Global Management, Defense, EV, White House Council, Economic Advisers, Institute of Supply, Federal Reserve Locations: New York, Ukraine
"Bond King" Jeffrey Gundlach warned that a US recession is imminent, pointing to signs of weakening demand. "It's pretty clear that we have the look of soon to be at the front end of a recession," the billionaire investor said. Gundlach has consistently rang the alarm on an oncoming downturn as the economy faces a raft of headwinds. "It's pretty clear that we have the look of soon to be at the front end of a recession," Gundlach said. This is not the first time Gundlach, often called "Bond King" for his success in fixed-income investing, has warned of a oncoming US recession.
Persons: Jeffrey Gundlach, Gundlach, , David Rosenberg, that's Organizations: Service, Privacy, DoubleLine, CNBC, Deutsche Bank, Institute of Supply Management, Federal Reserve
Stock futures tick lower on Thursday night: Live updates
  + stars: | 2023-03-02 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
U.S. stock futures inched downward on Thursday night as investors pondered the Federal Reserve's rate-hiking path in light of fresh commentary from central bank speakers. S&P 500 and Nasdaq 100 futures dipped 0.15% and 0.21%, respectively. The S&P 500 is up 0.28%, while the Nasdaq has a 0.60% gain. The road ahead is a tough one for the central bank, regardless of the messaging they're relaying to the public. Investors will also listen for further commentary from central bank officials, including Fed Governor Michelle Bowman and Richmond Fed President Thomas Barkin.
Futures fall as investors await more data before Fed meet
  + stars: | 2022-12-05 | by ( ) www.reuters.com   time to read: +2 min
SummarySummary Companies Futures down: Dow 0.41%, S&P 0.44%, Nasdaq 0.28%Dec 5 (Reuters) - U.S. stock index futures fell on Monday as investors awaited more data, including a report on the services sector, to gauge the Federal Reserve's next move at its rate-setting meeting later this month. But near the end of the week, equities lost some momentum after November's robust U.S. payrolls report challenged hopes for a less aggressive Fed. Investors see a 91% chance that the U.S. central bank will increase the interest rates by 50 basis points next week, with the rates peaking in May 2023. ET, Dow e-minis were down 139 points, or 0.4%, S&P 500 e-minis were down 17.75 points, or 0.44%, and Nasdaq 100 e-minis were down 33.75 points, or 0.28%. Reuters reported China was set to announce the further easing of some of the world's toughest COVID curbs as early as Wednesday.
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