FED's Cook optimistic about US economy's gentle slowdown
Lisa Cook from the Federal Reserve thinks the US economy can handle current inflation without harming jobs too much. Speaking in Adelaide, she shared that while the economy is cooling, the unemployment rate is stable, suggesting a "soft landing" is likely.
This comes after periods of high inflation, which are often tricky to manage. The Fed remains vigilant, ready to act if unemployment worsens.
Cook's comments follow Fed Chair Jerome Powell’s recent testimony, where he also expressed cautious optimism but noted that interest rates would stay high to keep inflation in check.
UK home sales set to rise post-election as buyers eye interest rate cuts
UK property experts predict a boost in home sales following the general election and potential interest rate cuts by the Bank of England.
The Royal Institution of Chartered Surveyors reports that confidence is growing, with sales expectations hitting their highest since early 2022. Despite high mortgage costs and a lingering cost-of-living crisis, the market looks poised for improvement.
The recent election has brought housing issues into focus, promising positive changes like new home builds and support for first-time buyers. Meanwhile, the rental market remains tight, pushing rents up as buyers wait for better mortgage rates.
European stocks tick up as US inflation data looms
European stocks saw modest gains today, slightly trailing the larger increases in Asian markets, as investors prepare for upcoming US inflation data.
The expectation of milder inflation could pave the way for the US Federal Reserve to cut interest rates, potentially starting in September. Technology stocks in Europe, like SOITEC and Dassault Systemes SE, helped lead the slight rise. Meanwhile, global indices like the MSCI are reaching record highs, buoyed by major companies like Nvidia and Apple, which are also enjoying strong performances.
Oil and gold prices have also risen, adding to the generally positive mood in global markets.
Join the Investors' Club
Get access to professional investing tools for free and start building your wealth today!
Capital at risk
