MTGFX

US heading for shallow recession, no respite yet from rate hikes: Reuters poll

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BENGALURU, Dec 9 (Reuters) – The US financial system is headed for a brief, shallow recession over the following 12 months, based on economists polled by Reuters, who have been unanimous in anticipating the US Federal Reserve to go for a hike. decrease than the rate of interest of fifty foundation factors on December 14. … Read more

US labor market still tight despite continuous claims hitting 10-month high

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Weekly jobless claims rise from 4,000 to 230,000 Persevering with claims rise 62,000 to 1,671 million WASHINGTON, Dec 8 (Reuters) – The variety of Individuals submitting new claims for jobless advantages elevated modestly final week, pointing to a nonetheless sturdy and tight job market regardless of rising fears of a recession because the Federal Reserve … Read more