on Thursday, while a Labor Department report showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week.
"In light of the stronger growth and firmer inflation news, we are adding a 25bp rate hike in June to our Fed forecast, for a peak funds rate of 5.25-5.5%," economists led by Jan Hatzius said in a note dated Thursday.After the recent U.S. data, European investment bank UBS said it was expecting the central bank to raise rates by 25 bps at its March and May meetings, which may leave the fed funds rate at the 5-5.25% range.
Source: News Formal (newsformal.com)
East Palestine, Ohio - where is FEMA?
Time to finish off the poor once and for all
Thanks to Putin's War.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs scraps idea for direct-to-consumer credit card after strategy shiftNot long ago, CEO David Solomon told analysts the bank was developing its own card, which would've made use of the platform Goldman created for the Apple Card. Wonder if the fact that the average American is super in debt right now has anything to do with it. Rash of bankruptcies headed our way I’m sure! Hugh_Son So they will expand on Apple Card? Hugh_Son It shouldn't have been that difficult for GS to figure out they would never have the scale to compete with the big card issuers. All they had to do was ask their analysts that cover the space. Huge scale is required. You can't build a CC biz from the ground up. Apple raked them.
Source: CNBC - 🏆 12. / 72 Read more »
Here are Wednesday's biggest analyst calls: Apple, Tesla, Amazon, SoFi, Target, Goldman Sachs & moreAmerican Eagle was downgraded by Jefferies. Piper Sandler upgraded U.S. Bancorp.
Source: CNBC - 🏆 12. / 72 Read more »
Spinoffs usually outperform their parent companies, Goldman Sachs research findsThere's usually a 4-point outperformance of a spinoff relative to its parent, Goldman research finds Seriously? This has been known for literally years…
Source: MarketWatch - 🏆 3. / 97 Read more »
WSJ News Exclusive | Goldman Sachs Steps Back From Bidding for New Credit Card ProgramsGoldman is pausing efforts to acquire new credit-card programs, people familiar with the matter say. It ended talks with T-Mobile for a co-branded card. As stocks recede, Bitcoin surges. Is that a temporary refuge? The ride may be pleasant but dangerous.
Source: WSJ - 🏆 98. / 63 Read more »
Federal Reserve to hike rates by 25 bps each in March, May and June – Goldman SachsEconomists at Goldman Sachs said in their latest note that they are now forecasting the US Federal Reserve (Fed) to hike rates by 25 basis points (bps
Source: FXStreetNews - 🏆 14. / 72 Read more »
Fed's Mester: Fed will need to go above 5% and stay there for a whileFederal Reserve Bank of Cleveland President Loretta Mester said on Thursday that she saw a 'compelling case' for a 50 basis points (bps) rate hike at
Source: FXStreetNews - 🏆 14. / 72 Read more »