Deeper Analysis
A Deeper Dive Into a Thought Mentioned in Tuesday’s Overnight Rundown of Developments
July 11, 2023
I postulated earlier today that the Federal Reserve would likely have been closer to its first priority of returning U.S. inflation to its 2.0% target in a sustainable manner if two things had been done differently at the initial stage of the interest rate tightening cycle: 1) starting the process sooner and 2) making a […] More
New Overnight Developments Abroad - Daily Update
Global Equities Extend Rise
July 11, 2023
Stock markets in the Pacific Rim rose 1.5% in Taiwan and Australia, 1.7% in South Korea, 1.0% in Hong Kong and Indonesia and 0.6% in China. An exception was a 0.3% dip in Japan’s Nikkei-225. The British FTSE thus far has also slipped 0.3%, but continental European share prices and U.S. stock futures are in […] More
