Tuesday , November 26 2024

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As banks shake, markets hear the sound of peaking rates

As banks shake, markets hear the sound of peaking rates

Investors scrambled to pull down global rate expectations on Monday and abandoned bets on the Fed upsizing its rate hikes next week, reckoning the biggest American bank failure since the financial crisis will make policymakers think twice. On Sunday, the U.S. administration took emergency steps to shore up banking confidence, …

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Consumers cut back on spending amid unemployment

Vietnamese consumers are spending less on shopping and eating out as they tighten their spending amid rising inflation and unemployment. Spending in the food and beverage sector started to weaken in the last quarter of 2022, with December sales failing to meet the expectations of many industry insiders, said Lan …

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