About the Video
Weekly stock market analysis – September rate hike by the Federal Reserve, Europe Energy Crisis and more.
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ Click Here
⬇️Timestamps:
0:00 → Economic Updates
2:28 → September Rate Hike
5:07 → Europe Energy Crisis
7:19 → Upcoming Important Dates
Economists from Bank of America, Goldman Sachs Group, Barclays and Jefferies have lifted their forecast for the pace of interest rate hikes by the Federal Reserve. The US lenders now expects the Fed to hike by 75 basis points this month and 50 basis points in November, up from their previous forecasts of 50 basis points and 25 basis points respectively.
Russian state-owned energy corporation Gazprom has indefinitely shut down gas flows through its key Nord Stream 1 pipeline to Germany from 2 September. European governments had anticipated the Nord Stream 1 pipeline to operate after a brief maintenance period. However, Russia abruptly stopped the flows, citing an oil leak in a turbine. Gazprom stated that until it made all repairs, it would not restart the pipeline.
The spread between the yields on the 10-year and 2-year Treasury notes has been inverted for more than a month, and is now standing at -0.25%. An inverted yield curve has historically been a reliable indicator of a coming recession, coming most recently before downturns in 1990, 2001, and 2008. While brief inversions typically don’t predict a downturn, ones that last beyond a momentary flashing can have stronger predictive power.
The newly elected U.K. Prime Minister Liz Truss said that she would tackle Britain’s “very serious” energy crisis while still slashing taxes, ruling out imposing a windfall levy on oil companies to pay for her plans to offset the soaring cost of heating and electricity. In her first speech, she presented a “bold plan” to introduce tax cuts, bolster the NHS, and face the energy crisis.
The Institute for Supply Management’s services index edged up to 56.9 from 56.7. The upbeat report points to resilient and robust consumer demand for services despite high inflation, rising interest rates and general uncertainty about the economic outlook. The ISM report also pointed to an easing of supply constraints. A gauge of supplier delivery times lengthened, but to a lesser degree than in the prior month. Meantime, order backlogs grew at the softest pace in three months.
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Disclaimer: The content on this channel is for educational purposes only and merely cites my own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.
