Investors are responding to high rates with a novel investment strategy – keeping the bulk of their money in cash and using the rest to punt on AI stocks.
The decision to sit pat highlights the very different approaches central bankers are taking as they try to rein in inflation while maintaining economic growth.
Investors fear the ruddy health of the US economy could persuade officials to hold off on cutting rates until after the November presidential election.
Rising bond yields are casting a cloud over the US equity market, as investors focus on the budgetary implications of the November presidential election.
Two big overseas developments will be much more crucial in determining our economic prosperity than last week’s budget. The first is Beijing finally taking steps to address the bursting of the country’s property bubble.
The private equity-backed airline’s abrupt collapse shines a spotlight on the potential risks brewing in the massive, unregulated private credit market.
The central bank sees little respite for struggling home buyers and renters for years to come, as demand in the nation’s housing market continues to outstrip supply.