Federal Reserve: Wall Street Week Ahead: Recession? To land softly? Inflationary recession? Investors assess the strength of the economy

[ad_1] With a pitiful first half for the stock market now in the history books, investors are assessing whether the US economy can survive a significant recession as federal Reserve Raises rates to fight the worst inflation in decades. The answer to this question has a direct bearing on the markets. Strategists say an economic slowdown coupled with weak corporate earnings could reduce the S&P 500 by at least 10%, undoing losses that have already pushed the benchmark index down 18% year-over-year. Conversely, according to some analysts’ price targets, in…

Rupee today: Rupee depreciating by half a percent and economy of $3 trillion!

[ad_1] This is rare for a $3-trillion currency Economy To lose half a percentage point in one trading day against the dollar. But 2022 has been such a rare year of exaggeration – both for amplitude in daily currency movements and net withdrawals by foreign funds. Tuesday was the eighth day in 2022 when the Indian monetary unit fell by more than half a percent against the dollar. It closed down 0.53% at $79.37 and hit another lifetime low of 79.38. The recent unilateral depreciation of the rupee has reflected…

Recession: US economy will ‘narrowly survive’ recession in 2022 and 2023: IMF

[ad_1] US economy Likely to slow down in 2022 and 2023, but will “avoid a recession” federal Reserve The International Monetary Fund said it implements its rate-tightening plan to curb inflation. “The policy priority now should be to rapidly slow down wage and price increases without the onset of a recession” International Monetary Fund said in a statement on Friday. “This will be a difficult task,” as global supply shortages and domestic labor shortages are likely to persist, and the war in Ukraine creates additional uncertainty, it said. Managing director…

Is the US economy in the grip of a recession?

[ad_1] New York: is US economy Sliding in and Banning the Recession Russia Over that Ukraine war A boomerang started in the Eastern Donbass region, causing stocks to fall and the entire currency market turning bearish. Based on the analysis of various economic experts, billionaires, investors, stock market players and even government officials, the economy is going into a tailspin and the market is set to fall by 40 per cent, which is at least as many as six. I have cause for concern. One in 10 Americans put their…

RBI policy rate hike: RBI’s decision to hike policy rate to help economy in medium term, says Assocham

[ad_1] industry body Assocham said on thursday Reserve BankThe decision to increase the benchmark lending rate by 50 basis points to 4.9 per cent will help the Indian economy in the medium term. The central bank on Wednesday hiked the repo rate for the second time in five weeks. Earlier, it had increased the short-term lending rate by 40 basis points (bps) on May 4. Assocham President Sumant Sinha said through a clearly coordinated approach between the two countries reserve Bank of India And Finance MinistryThe Indian government and monetary…

Vladimir Putin says no iron curtain will shut down Russia’s economy

[ad_1] President Vladimir Putin said on Thursday that no iron curtain will fall on the Russian economy despite sanctions imposed by the West as Moscow will not shut itself off from the world like the Soviet Union. The sanctions imposed on the West over Russia’s invasion of Ukraine have prompted Russia, one of the world’s largest producers of natural resources, to have the biggest economic contraction since the 1991 collapse of the Soviet Union. has done. Asked about possible deals with partners such as China and India amid the “shutdown”…

Growing Economy, Not 2017 Tax Act, Is Boosting Corporate Tax Receipts

[ad_1] Corporate tax revenue jumped in 2021, and some proponents of the 2017 Tax Cuts and Jobs Act argue the big tax cuts in the bill deserve credit (wall street journalI, Goodspeed and HassettBut there’s a better explanation: Last year’s strong economic growth, high inflation, and pandemic-related relief legislation increased both corporate profits and paid-tax business. Soon after the TCJA was passed, the Congressional Budget Office (CBO) forecast Corporate tax receipts will fall from 1.5 per cent of gross domestic product (GDP) in 2017 to 1.2 per cent in 2018…

China’s central bank will step up policy implementation to support the economy

[ad_1] China’s central bank will strengthen the implementation of its prudent monetary policy and step forward to support the economy, Vice Governor Pan Gonsheng said on Thursday. Pan told a news conference that the People’s Bank of China (PBOC) will use various policy tools to increase liquidity injection to keep liquidity in the economy reasonably adequate. The central bank aims to stabilize economic growth, jobs and prices, Pan said, adding that financial institutions should maintain discretion in their operations and hedge risks. “We will continue to strengthen the implementation of…

Economy booming: GST collection in May also exceeds Rs 1.4 lakh crore

[ad_1] Goods and Services Tax (GST) collections crossed the 1.4-trillion mark for the third consecutive month in May 2022 and fell to the fourth highest level since the launch of the comprehensive consumption tax nearly five years ago. The steady jump in GST receipts over the past few months indicates that the economic momentum has not been severely affected by external constraints. Expansion of tax base, less evasion and higher price levels in commodities, raw materials and finished goods are also increasing tax collection. According to official data released on…