You may opt for an adjustable-rate mortgage while purchasing a home (ARM). In some circumstances, this is a wise decision (as long as interest rates are low, the monthly payment will stay low as well). Early in a recession, interest rates tend to decline, then climb as the economy recovers. This indicates that an adjustable […]
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There is doubt that the Fed will be able to navigate the chaotic global economy and geopolitical circumstances adequately. “We’re really asking the US Federal Reserve to do the impossible,” said Joe Brusuelas, chief economist at consulting firm RSM. With Russia’s conflict on Ukraine and increasing oil prices, expecting the Fed to only lower inflation
Are We Going To Go Into A Recession? Read More »
Expert judgment is combined with a variety of existing and new information relevant to current and future developments in the OECD’s projections. As mentioned below, these include updated policy settings, recent statistical outturns, and conjunctural indicators, as well as studies based on specialized economic and statistical models and analytical approaches. The re-evaluation of the economic
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In its second advance estimates of national accounts released on Monday, the National Statistical Office (NSO) forecasted the country’s growth for 2021-22 at 8.9%, slightly lower than the 9.2% estimated in its first advance estimates released in January. Furthermore, the National Statistics Office (NSO) reduced its estimates of GDP contraction for the coronavirus pandemic-affected last
What Is India GDP Growth Rate? Read More »
Released on a monthly basis. GDP is available in three versions, each issued once a month: Advance, Second Release, and Final. What will be the GDP in 2021? In addition to updated fourth-quarter projections, today’s announcement includes revised third-quarter 2021 wages and salaries, personal taxes, and government social insurance contributions, all based on new data
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Depending on the commodity, most futures contracts begin trading on Sunday at 6 p.m. Eastern time and close on Friday afternoon between 4:30 and 5 p.m. Eastern. When do Nasdaq futures begin trading? E-mini Nasdaq futures trade on the CME Globex trading platform nearly 24 hours a day, starting at 6:00 p.m. All times are
Is Futures Market Open On Columbus Day? Read More »
When the Federal Reserve raises its interest rate, banks have little choice but to raise their own rates. When banks raise interest rates, fewer people want to borrow money since it is more expensive to do so while the money is accruing at a higher rate of interest. As a result, spending falls, prices fall,
Does Government Spending Reduce Inflation? Read More »
Real GDP is a macroeconomic statistic that adjusts for inflation and reflects the value of goods and services produced by an economy over a certain period. In essence, it calculates a country’s overall economic production after adjusting for price changes. Why is real GDP a useful indicator of an economy’s health? Real gross domestic product
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Inflation, according to economists, occurs when the supply of money exceeds the demand for it. When inflation helps to raise consumer demand and consumption, which drives economic growth, it is considered as a positive. Some people believe inflation is necessary to prevent deflation, while others say it is a drag on the economy. Some inflation,
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The Universal Basic Income (UBI) is a proposed system that would give individuals with a minimal income to help prevent poverty and close economic gaps. Some proposals propose that a UBI be paid to anybody earning up to a certain amount of money (e.g., $50,000 per year), whether or not they are employed. Other suggestions
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