Monthly Financial Market Update – May 2024
Global Macroeconomic Review United States: May was ushered in with the third Federal Open Market Committee meeting for 2024 on April 30th and May 1st. At the meeting, the policymakers kept the interest rate at 5.50%, marking the sixth consecutive time…
Monthly Financial Market Update – April 2024
Global Macroeconomic Review United States: The hope for stability in the prices of goods and services continued to wane as the recent inflation data reignited concerns around sticky inflation, uncertainty in the Fed’s policy directions, and overall…
Monthly Financial Market Update – March 2024
Global Macroeconomic Review United States: In February, consumer prices in the United States surpassed expectations, rising to 3.20% year-on-year (Est. 3.10%) from 3.10% in January 2024. Core CPI, which excludes food and energy prices, increased by 0.40%…
Monthly Financial Market Update – February 2024
Global Macroeconomic Review The common conversation among major economies in February was geared towards interest rate cut and relatively steady consumer prices. However, economic performance have so far been mixed across the region. In the United…
Monthly Financial Market Update – January 2024
Global Macroeconomic Review The recent global economic outlook by the International Monetary Fund (IMF) forecasted the global economic growth rate at 3.10% y/y for 2024, which was an upward revision from 2.90% estimated in October 2023. Also, the…
Monthly Financial Market Update – November 2023
Global Macroeconomic Review The global market witnessed some optimism in November, as the MSCI All Country World Index appreciated by 9.07% after three consecutive months of decline. Precisely, the S&P 500 (+8.92%), NASDAQ composite (+10.70%), FTSE…
Monthly Financial Market Update – October 2023
Global Macroeconomic Review In the latest World Economic Outlook, the International Monetary Fund (IMF) expects the global economy to grow at a slower pace due to the impact of the aggressive rate tightening by central banks. The IMF forecasted 3.00% in…
Monthly Financial Market Update – September 2023
Global Macroeconomic Review Among major headlines, the global crude oil market was at the spotlight for the most part of September. The OPEC+ giants, Saudi Arabia and Russia, announced voluntary oil production cuts totalling 1.3mbpd till the end of the…
Monthly Financial Market Update – August 2023
Global Macroeconomic Review The global financial landscape in August was marked by significant developments and challenges. At the outset of the month, USD-dominated assets experienced a downturn due to Fitch Ratings’ downgrade of the US debt…
Monthly Financial Market Update – July 2023
So far, the Fed has raised policy rate by a cumulative of over 500bps since early 2022...
