Economic news has been in the headlines in recent weeks as global growth slows and the Federal Reserve makes key moves. The Fed has opted to keep interest rates low for another year and plans to begin buying more bonds next month. However, manufacturing is slowing at the mid-year point as the “K” shape recovery gives way to a “K” shape hangover.
CNBC Breaking Business News
CNBC is a well known brand and offers a range of financial news content including real time stock market data, financial market coverage and business news. Their app provides the same content and is a good way to keep up with the latest headlines.
The CNBC app features a range of functions from breaking news to personalized news feeds and stock quotes. It also enables you to take advantage of their live stream. They also have a very useful mobile app that enables you to customize your watchlist. You can even stream full episodes of CNBC’s most popular news shows.
For those looking for more than just stock quotes and charts, the CNBC app also features real-time market data, customizable time frames and interactive charts. In the world of mobile apps, there is no better place to find the best stock information than right in your pocket.
TheStreet offers an extensive array of financial news and articles. These range from stock picks to how-to articles on personal finance. For more information on these subjects, you can also sign up for a free newsletter. While the site is a bit clunky, it’s a good place to start when it comes to reading about the stock market.
In addition to free newsletters, you can sign up for premium services. You’ll have to make an informed decision when it comes to which service to invest in. A free daily newsletter can be a nice perk, but you may not be interested in paying for the same news and analysis multiple times a day.
The Federal Reserve
The Federal Reserve economic news continues to be dominated by the ongoing saga of white hot inflation. The Fed is trying to keep inflation in check by tightening financial conditions, which can slow down the economy. However, some economists argue that these policies risk asset bubbles, while others feel the central bank is putting too much emphasis on financial markets over workers.
As inflation rates continue to rise, the Fed may need to hold interest rates higher for a longer period of time. This will increase the cost of borrowing, which will likely slow growth.
However, the Fed is also expected to announce a third rate hike this year. Analysts expect the key short-term rate to be three-quarters of a point higher by the end of the year. That means the Fed’s benchmark lending rate could go up to 4.5% by the end of the year.
Manufacturing slowing at mid-year as K-shaped recovery gives way to K-shaped hangover
The manufacturing sector is slowing down as the K-shaped recovery of 2020-2021 reaches its end. Demand for goods is waning after the boom and some parts of the economy are mired in recession.
However, some industries are taking off. The pharmaceutical industry is leading the way in a whole-of-business effort to manufacture vaccines. Technology companies are keeping the stock market high. Meanwhile, consumer spending on entertainment and dining out has picked up.
In the past few months, businesses have been more selective about adding to their inventory positions. They are also shedding employees. As a result, the S&P manufacturing PMI fell to 53.0 in June, down from 57.0 in May.
Unwind of crisis-era bond purchases to begin in June
The Fed’s crisis-era asset purchase programme has been a huge help to the economy. But it’s now time for the Federal Reserve to unwind its support. Those efforts will begin in June. During the period of QE, the Fed bought hundreds of billions of dollars of assets, including mortgage-backed securities, government bonds, and agency debt.
Since the financial crisis, the Fed has redoubled its support, buying hundreds of billions of dollars in bonds each month. It will also cut the size of its future balance sheet by allowing some bonds to mature without replacing them. However, the rate at which it will unwind its purchases is still unknown.
‘Circular economy’ vital for halting the loss of nature by meeting growing demand with less resources
The world needs to adopt a ‘circular economy’ to halt the loss of nature by meeting growing demand with less resources. It is also vital to combat climate change.
One way to do this is by redesigning product-service systems. These systems will help ensure that businesses remain competitive in the future.
Another key part of the circular economy is optimizing the use of materials. This includes optimizing the space that they take up, as well as their efficiency. A recent report by Finnish innovation fund Sitra explains how it can be done.
One of the most important steps to prevent biodiversity loss is waste reduction. Not only does this reduce embodied emissions, it also frees up 146 million hectares of agricultural land, which can be used to regenerate fields.