Yellen Cautions Against Overoptimism Despite Signs of Lowering Inflation
Economy
Rice Crisis Looms! India, World's Largest Rice Exporter, Mulls Over Halting 80% of Exports
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Fed's Rate Hikes May Stall as US Inflation Dips to Two-Year Low
"After this month's interest rate hike, the Federal Reserve may halt the increases. On Wednesday, July 12, Nick Timiraos, a reporter for The Wall Street Journal, opined on US June CPI data. He stated that the US inflation has dropped to its lowest in over two years, offering relief to Americans from painful price increases and increasing the likelihood that the Fed may cease rate hikes after the possible one this month. -
A Cautious Optimism: U.S. Inflation Slows, but the Road to Stability is Long
"In a significant development, the inflation rate in the United States has shown signs of slowing down, sparking cautious optimism among economists and market watchers. The latest data from the Bureau of Labor Statistics indicates a deceleration in the inflation rate, with June seeing the slowest pace of growth in over two years.
The Latest
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Franklin Templeton CEO Foresees Potential Fed Rate Cut by 100 Basis Points Next Year
Jenny Johnson, President and CEO of Franklin Templeton, one of the world's largest asset management firms overseeing more than $1.4 trillion in assets, predicted a potential reduction in the Federal Reserve's interest rates by 100 basis points next year. Johnson shared her insights at the second Abu Dhabi Finance Week's Asset Forum on November 28. 
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OECD Forecasts Global Economy to Avoid Hard Landing in Next Two Years, Warns of Significant Risks from Israel-Palestine Conflict
The Organisation for Economic Co-operation and Development (OECD) updated its global economic outlook report on November 29, analyzing trends and prospects for the next two years. 
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India's GDP Grows 7.6% in Q2, Surpassing Expectations with Manufacturing Boost
India's economy in the second quarter outperformed expectations, according to the latest data released by the Indian Statistical Office on Thursday. The country's Gross Domestic Product (GDP) for the second quarter (July-September) of the fiscal year 2023-2024 grew by 7.6%, slightly lower than the 7.8% growth recorded in the first quarter (April-June). 
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U.S. GDP Surges with 5.2% Growth in Third Quarter
Gross domestic product (GDP) expanded at a 5.2% annualized pace, exceeding both the previous estimate of 4.9% and the 5% forecast by economists polled by Dow Jones. 
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Indo-Pacific Economic Framework Stumbles: No Trade Agreement Reached Among 14 Nations at APEC
Since Donald Trump's presidency, signing new free trade agreements has become an operation U.S. leaders tend to avoid. Free trade agreements, and most trade agreements in general, are seen by many voters as detrimental to U.S. interests and a reducer of American jobs. 
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U.S. October CPI Cools More Than Expected, Fed Rate Cut on the Horizon?
The U.S. Bureau of Labor Statistics recently reported a significant cooling in the U.S. Consumer Price Index (CPI) for October, with the core CPI dropping to its lowest point in over two years. 
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Escalating Israeli-Palestinian Conflict Raises Global Trade Costs, Threatens Indo-European Economic Corridor
The Israeli-Palestinian conflict, which has seen a significant escalation over the past month, continues without a glimpse of peace. On November 13, Israel's First Lady Michal Herzog revealed that her son, a member of the Israeli ground forces, has gone missing in the conflict. 
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U.S. Government Faces Potential Shutdown Amid Moody's Downgrade of Outlook
Less than two months after the U.S. Congress passed a temporary spending bill and the resignation of former House Speaker McCarthy, the federal government is once again on the brink of a shutdown. 
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EU Eyes New Revenue Streams to Ease Budget Strain and Fund Recovery Plan
The European Parliament has paved the way for new sources of income for the European Union's budget, known as the "Own Resources Decision." On November 9, the decision was approved with 399 votes in favor, 138 against, and 61 abstentions. Armin Wisdorff, a member of the EU Budget Committee, expressed hope that the EU Council members would promptly approve the bill. 
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Moody's Lowers Outlook on U.S. Credit Rating to Negative Amid Rising Interest Rates and Political Polarization
Moody's Investors Service has downgraded the outlook for the U.S. government's credit rating from stable to negative on November 10, while maintaining its long-term issuer and senior unsecured ratings at AAA. The downgrade reflects concerns over the U.S. government's failure to address fiscal deficits amid rising interest rates, increasing the risks to the nation's finances. 
