4 min listen
Bad news is good news... Wait, no it's bad news, or is it? May 16, 2023
Bad news is good news... Wait, no it's bad news, or is it? May 16, 2023
ratings:
Length:
5 minutes
Released:
May 16, 2023
Format:
Podcast episode
Description
Bad news is starting to pile up in the U.S., but as often on stock markets, bad economic news can mean good news, since it can lead to a more dovish Fed. But it's not that clear at the moment what really is good news for investors. Yesterday, it was the Empire State business index that showed signs of severe fatigue, with a plunge well below what was expected in May. As for the US debt ceiling situation, Treasury chief Janet Yellen reiterated her warning that the US could run out of cash by June 1. Joe Biden has planned to meet with the congressional leaders of the Democratic and Republican camps today to try to break the deadlock as soon as possible.
Released:
May 16, 2023
Format:
Podcast episode
Titles in the series (100)
2: An unusual period for stock markets July 7, 2022: This is a bizarre in-between period, with investors fearing a recession, but still hoping that central banks will be able to save the day by curbing inflation. by The Market Screener