U.S. millionaires might have to pay 20% of their annual income. Apparently, the white house parties won’t get along these days after today’s announcement. U.S. President Joe Biden today made a new and bold proposal that indicates all millionaires with a minimum of $100 worth should pay high taxes. The proposal has been on the […] More
The Federal Reserve might increase interest rates by 50% in Mai, June, July, and September. The Federal Reserve’s policies remain a concern for traders and economists due to the high inflation pressure and the market downturn. The City Group bank experts issued their new adjusted forecast this week. In December 2021, the experts of the […] More
The average 30-year mortgage rate hit 4.72% this Tuesday. The Ukrainian president, Zelenskyy, has worn the EU and the western countries’ clothes, and he says that Ukraine is just the start. According to Zelenskyy, Russia might invade other countries besides Ukraine. Some reports indicate that Russia might use chemical weapons to end the war, and […] More
The labor market remains tight and unhealthy as investors wait for this week’s ending job claims report. Based on last week’s unemployment insurance claims, the U.S job claims decreased by 15.000 compared to last week’s job claims. According to the last week ending March 12, the seasonally adjusted initial claims were 214,000. That number decreased, […] More
The Fitch rating has cut the world’s GDP growth by 0.7pp to 3.5% in 2022. Like every year, Fitch Ratings conducts its unique and trustworthy economic forecasts, but this year’s forecasts are somehow discouraging and alarming. The Ukrainian war started on the 26th, while some experts believe that the war is in its final days. […] More
The U.S. Treasury yield rose to 2.28%, which is the highest record since 2019 Monday morning was an overwhelming morning for Wall Street and investors as a result of the recent comments by Powell, the Fed chairman. The market is changing rapidly, and we’re afraid it’s taking a negative direction. According to Reuters, the Wall […] More
Homebuyers accounted for 29% of February’s sales, down by 2% from last year’s sales. In the past month, we briefly spoke about the housing market and its future outlook, as expected, the market still faces hard challenges. Mortgage interest rates are at their three-year high, and they will continue like that. On Wednesday, the Federal […] More
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Fed chair Jerome Powell says “the economy can handle multiple hikes without slipping into a recession. Based on yesterday’s Fed meeting, we have come to realize that the condition of rising interest rates was somehow encouraging for the policymakers. Due to the decline in the COVID cases and the strong, and stable consumer demand, the […] More
The U.S. stock market is threatened by a combination of slow growth and high inflation. Since the all-time record in January 2022, the stock market has been unconvincing and fatiguing for traders and investors. Investors felt the danger and the high vitality that the market is carrying now. The Russian and Ukrainian wars have encouraged […] More
The central bank’s policymakers will face a tough challenge this Wednesday meeting The war, inflation, and pandemic are all putting enormous strain on federal policymakers. Investors are now focusing on Wednesday’s meeting, which is expected to include the first interest hike of this year. Central banks are scheduled to exceed their first interest hike this […] More
Gasoline prices have been rising across the U.S; setting new highs as the war gets more violence As the war continues for its second week, the increase in the prices of Brent crude, oil, and natural gas continues. In the U.S, it is the state of California that has the highest gas price rate, estimated […] More
Oil and precious metals prices, when this madness will stop? Back in 2008, Goldman Bank forecast that the oil barrel would be worth approximately $175 per barrel, and this year it has made the same forecast. It won’t be a surprise when oil barrel prices rise to that price. On the other hand, JB Morgan […] More