Roundup: Consumer spending / Trump verdict reaction / Oil prices
Moving with caution: U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according to Bank of America CEO Brian Moynihan. Whether it’s households or small- to medium-sized businesses, Bank of America clients are slowing down the rate of purchases made for everything from hard goods […] Bank of America CEO Brian Moynihan has stated that U.S. consumers and businesses are becoming cautious about spending this year due to high inflation and interest rates. This is due to increased inflation and rising interest rates, and Bank of America clients are slowing down purchases for everything from hard goods to software. Analysts have also lowered their 2024 oil price forecast, reflecting lower risks from ongoing wars in the Middle East and Ukraine. Louisiana politicians have reacted to the verdict against former President Donald Trump, with many calling it a "disgrace" and "rigged" verdict.
ที่ตีพิมพ์ : 10 เดือนที่แล้ว โดย Daily Report Staff ใน Politics Finance
Moving with caution: U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according to Bank of America CEO Brian Moynihan. Whether it’s households or small- to medium-sized businesses, Bank of America clients are slowing down the rate of purchases made for everything from hard goods to software, Moynihan said at a conference on Thursday. Read more from CNBC.
Politicians speak out: The reactions by Louisiana politicians to the landmark jury verdict against former President Donald Trump were largely predictable, with many in Trump’s camp decrying the guilty verdict as a “disgrace,” as well as calling the trial rigged. See a roundup of Louisiana elected officials’ reactions from WBRZ-TV.
Adjusting expectations: Analysts have lowered their 2024 oil price forecast, reflecting lower risks to supply from ongoing wars in the Middle East and Ukraine. A poll of 41 analysts and economists in the last two weeks saw Brent crude averaging $84.01 per barrel in 2024 with U.S. crude at $79.56—down from April forecasts of $84.62 and $80.46, respectively. Read more from Reuters.
หัวข้อ: Markets, Oil & Gas