Browsing: Talous
If Robert Kaplan still had a say in the matter, he would push for a half-percentage point rate cut at this week’s Fed meeting.The former Dallas Fed president told CNBC on Tuesday that a bold move of 50 basis points would put policymakers in a better position heading into the second half of the year and dealing with future economic challenges.”If I were sitting at the table, I would advocate for 50 people at this meeting,” Kaplan said in an interview with “Squawk Box.” “I think the Fed meeting would probably be a little later, if I were to do…
Employees at the counter of restaurant, bakery, Manolo, Miami Beach, Florida. (Photo by Jeffrey Greenberg/Universal Images Group via Getty Images)Jeff Greenberg | Universal Image Group | Getty ImagesLatinos contribute significantly to the U.S. economy.The Latina female population contributed $1.3 trillion to gross domestic product (GDP) in 2021, up from $661 billion in 2010, according to a new report sponsored by Bank of America.This marks a real GDP growth rate of 51.1% between 2010 and 2021, which means the economic contribution is 2.7 times that of the non-Hispanic population.Citing data from the Bureau of Economic Analysis, the report noted that the…
Bridgewater Associates founder Ray Dalio speaks onstage at The Wall Street Journal’s 2024 Future of Everything Festival at Spring Studios on May 22, 2024 in New York CityDia Deepasupil | Getty Images Entertainment | Getty ImagesSINGAPORE – US billionaire Ray Dalio has listed five major forces at the front and center of the world economy. The founder of Bridgewater Associates said in a speech at the Milken Institute Asia Summit in Singapore that these five factors are interrelated and often cyclical. Dalio made the remarks Wednesday ahead of the Federal Reserve’s rate decision.1. Debt, Currency and Economic CyclesDalio expressed concerns…