Introduction There has been a surge in the amount of money flowing into money market funds, driven by higher interest rates and investors seeking greater cash returns. With over $5 trillion invested in these funds, it is expected that this cash will eventually make its way back into the stock market, boosting asset prices as…
Despite expectations to the contrary, the US dollar has surprised analysts and investors alike by bouncing back around 2% over the last month. The prevalent consensus was that the dollar would fall, driven by cooling U.S. inflation and the possibility of the Federal Reserve pausing its interest rate hikes. Yet, the greenback has defied this…
In the realm of business, companies employ various strategies to enhance shareholder value. These may include investments in research and development, market expansions, or increasing dividends. However, renowned investor Warren Buffett, CEO of Berkshire Hathaway, holds stock buybacks in high regard. At the recent Berkshire Hathaway annual shareholders meeting, Buffett emphasized the effectiveness of buying…
Inflation pressures continue to affect the US economy, even as the annual rise in headline prices slows down to its least rate since April 2021, according to recent data. The Bureau of Labor Statistics (BLS) released new data on Wednesday morning, revealing that the Consumer Price Index (CPI) showed a 0.4% increase in headline inflation…
John Williams, the President of the Federal Reserve Bank of New York, has revealed that he is closely watching the impact of banking sector strains on the US economy and has left the possibility open for interest rates to remain on hold next month. Speaking at an event with the Economic Club of New York,…