Market Overview Analysis by Ed Yardeni covering: Brent Oil Futures, Crude Oil WTI Futures. Read Ed Yardeni's latest article on Investing.com
, 1892) is an opera in a prologue and two acts with music and libretto by Ruggero Leoncavallo. The play tells the tragedy of a jealous husband and his wife in aRudi Dornbusch, a renowned German macroeconomist, once said, “Expansions don’t die of old age. I like to say they get murdered.
The Fed stopped raising the FFR in July 2023, and fears of a recession began to subside. Nevertheless, at the start of 2024, the financial markets along with most economists believed that the Fed would have to significantly lower the FFR five or six times by 25bps each to avert a recession in 2024 caused by the so-called “long and variable lags” of monetary policy. That made no sense to us, so we predicted two cuts, three at most.
Meanwhile, since the beginning of this year, a few vocal diehard hard-landers have remained convinced that a recession still was imminent. Indeed, a couple of them claimed that the economy was already in a recession.ended abruptly. September’s strong employment report and upward revisions in July and August murdered the hard-landing scenario. Tragically, it was a very hard landing for the diehard hard-landers. May they rest in peace.
Before we get too cocky, we should note that we aren’t completely ruling out the possibility of a recession. We are still assigning a 20% subjective probability to a 1970s-style geopolitically triggered hard landing.
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.
S&P 500: Odds of 6,000 This Year Rise, But So Do Chances of a Correction in 2025Stocks Analysis by Ed Yardeni covering: S&P 500, Crude Oil WTI Futures. Read Ed Yardeni's latest article on Investing.com
Read more »
US Crude Oil Futures Lower After API Reports Larger-Than-Expected Stock BuildU.S. crude oil futures fell after the American Petroleum Institute reported a significant increase in domestic crude stocks, exceeding market expectations. Easing concerns over a wider Middle East conflict also contributed to the decline.
Read more »
Crude Oil Volatile Amid Geopolitical Tensions - What Traders Need to WatchCommodities Analysis by Naeem Aslam covering: Brent Oil Futures, Crude Oil WTI Futures. Read Naeem Aslam's latest article on Investing.com
Read more »
Oil: Path of Least Resistance Remains to the Downside Amid China Concerns, FedCommodities Analysis by Fawad Razaqzada covering: Brent Oil Futures, Crude Oil WTI Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
Oil production in Libya to resume, US oil production in the Gulf of Mexico normalisedOne reason for the price weakness last week was the agreement reached by the conflict parties in Libya in the dispute over the leadership of the central bank, Commerzbank’s commodity analyst Carsten Fritsch notes.
Read more »
Bio-Oil Skincare Oil Review 2024: How It Works on Post-Surgery ScarsI applied Bio-Oil on my post-surgery scars for four months to help minimize their appearance. Here are my honest thoughts and before-and-after photos.
Read more »