Macro Briefing: 11 July 2024
TutoSartup excerpt from this article:
* Near-zero rates era is “probably over,” says Fed Chairman Powell * Federal Trade Commission set to sue big pharma over high drug costs * Gen X retirement crisis looms, new survey suggests * CFTC chairman reiterates that Bitcoin and Ether are commodities * Asia stock surge, led by tech stocks r…
Macro Briefing: 11 July 2024
Author: James Picerno
* Near-zero rates era is “probably over,” says Fed Chairman Powell * Federal Trade Commission set to sue big pharma over high drug costs * Gen X retirement crisis looms, new survey suggests * CFTC chairman reiterates that Bitcoin and Ether are commodities * Asia stock surge, led by tech stocks r…
* Near-zero rates era is “probably over,” says Fed Chairman Powell
* Federal Trade Commission set to sue big pharma over high drug costs
* Gen X retirement crisis looms, new survey suggests
* CFTC chairman reiterates that Bitcoin and Ether are commodities
* Asia stock surge, led by tech stocks rallied including chipmaking giant TSMC
* US stock market (S&P 500) rises sharply, setting yet another record high:
Atlanta Fed’s second-quarter GDP nowcast rises to 2.0%, based on the GDPNow model (as of July 10). The estimate is moderately higher vs. Q1’s 1.4% increase.
Author: James Picerno