Browsing: Talous

Ray Dalio, Co-Chairman and Co-Chief Investment Officer of Bridgewater Associates, speaks at the Skybridge Capital SALT 2021 New York Conference.Brendan McDermid | ReutersBillionaire investor Ray Dalio said the U.S. economy still faces “massive debt” as the Federal Reserve cuts interest rates for the first time since the early days of the coronavirus pandemic.The central bank decided to cut the federal funds rate by 50 basis points to a range of 4.75% to 5%. The rate not only determines banks’ short-term borrowing costs, but also affects a variety of consumer products such as mortgages, car loans and credit cards.”The challenge for…

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Turkish Foreign Minister Hakan Fidan attends the BRICS+ meeting of the two-day BRICS Foreign Ministers’ Summit in Nizhny Novgorod, Russia, on June 11, 2024.Sefa Karakan | Anatolia | Getty ImagesTurkey’s request to join the BRICS alliance is seen as a strategic and symbolic move as the Eurasian country of 85 million people grows in influence and influence on the global stage.”Our president has stated many times that we want to be a member of the BRICS,” a spokesman for Türkiye’s leading Justice and Development Party told reporters in early September. “Our demands on this matter are clear and the entire…

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Jamie Dimon, Chairman and Chief Executive Officer (CEO) of JPMorgan Chase & Co. (JPM), delivered a speech at the Economic Club of New York in Manhattan, New York City, USA on April 23, 2024. Fresh Mike | ReutersJPMorgan Chase Chief Executive Jamie Dimon said on Tuesday that he would not rule out stagflation, despite growing confidence recently that inflation is moving away from highs.”I would say the worst outcome is stagflation – a recession, rising inflation,” Dimon said at the fall meeting of the Council of Institutional Investors in Brooklyn, New York. “I’m not taking that off the table, by…

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People shop at a store in Brooklyn, New York City, on August 14, 2024. Spencer Pratt | Getty ImagesThe Fed will take a final look at inflation data this week before confirming soon the size of its widely expected rate cuts.On Wednesday, the U.S. Department of Labor’s Bureau of Labor Statistics will release its August consumer price index report. A day later, the Bureau of Labor Statistics released its report on the Producer Price Index, also for August, which is used as a proxy for wholesale-level costs.With the question of whether the Fed will cut interest rates at the end…

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People shop at a store in Brooklyn, New York City, on August 14, 2024. Spencer Pratt | Getty ImagesThe Fed will take a final look at inflation data this week before confirming soon the size of its widely expected rate cuts.On Wednesday, the U.S. Department of Labor’s Bureau of Labor Statistics will release its August consumer price index report. A day later, the Bureau of Labor Statistics released its report on the Producer Price Index, also for August, which is used as a proxy for wholesale-level costs.With the question of whether the Fed will cut interest rates at the end…

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Mare Magnum | Corbis Documentaries | Getty ImagesLONDON – The UK economy continued to be flat in July from the previous month, preliminary data from the Office for National Statistics showed on Wednesday.Gross domestic product (GDP) was below expectations of economists polled by Reuters, who forecast growth of 0.2%.The country’s GDP did not grow in June either.As of July, the UK-led services sector grew slightly by 0.1%, while production and construction output fell by 0.8% and 0.4% respectively.The UK economy grew 0.5% in the three months to July, slightly below economists’ expectations and 0.6% in the second quarter to June.Liz…

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DUBAI, United Arab Emirates – Dubai’s real estate market shows no signs of cooling down as sales figures and property values ​​are expected to reach another record high in 2024, according to local real estate companies.Rising demand for real estate, especially luxury properties, is driving up the price of not just homes but everything else in the city – as the United Arab Emirates is expected to become the world’s biggest magnet for wealth for the third year in a row Same.This is both good news and bad news for Hussain Sajwani, chairman of Dubai-based real estate giant Damac.”What worries…

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DUBAI, United Arab Emirates – Dubai’s real estate market shows no signs of cooling down as sales figures and property values ​​are expected to reach another record high in 2024, according to local real estate companies.Rising demand for real estate, especially luxury properties, is driving up the price of not just homes but everything else in the city – as the United Arab Emirates is expected to become the world’s biggest magnet for wealth for the third year in a row Same.This is both good news and bad news for Hussain Sajwani, chairman of Dubai-based real estate giant Damac.”What worries…

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A report released by the Labor Department on Wednesday showed that inflation fell to the lowest level since February 2021 in August. The report also showed that a key indicator was higher than expected, laying the foundation for the Federal Reserve to expect a 25 percentage point interest rate cut.The U.S. Bureau of Labor Statistics reported that the Consumer Price Index, a broad measure of the cost of goods and services across the U.S. economy, rose 0.2% for the month, in line with the Dow Jones consensus.That left the 12-month inflation rate at 2.5%, down 0.4 percentage points from July’s…

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Miami Beach, Florida, Sasson Cafe, Cuban flag, elderly people at the table. Jeff Greenberg | Universal Image Group | Getty ImagesA new report released Thursday by the economic think tank Latino Donor Partnership and Wells Fargo shows that the U.S. Latino economy will grow by 13%, from $3.2 trillion in 2021 to $3.6 trillion in 2022.That would make the group the world’s fifth-largest economy – larger than the annual output of India, the UK, France and Canada.Saul Trujillo, president of the Latino Donor Partnership, said in the report: “There is no doubt that the Latino economy in the United States…

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