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Markets React to Cooling Inflation Data US stocks closed higher on Friday. Wall Street reacted positively to new inflation data. The S&P 500 (^GSPC) rose by 0.19%. The Nasdaq Composite (^IXIC) gained about 0.3%. Both indices saw their fourth consecutive day of gains. The Dow Jones Industrial Average (^DJI) also saw a 0.2% increase. Investors…
Tariff Rebate Checks Proposal Faces Legal Hurdles Congressional Approval Is Required Treasury Secretary Scott Bessent appeared Sunday. He discussed the $2,000 tariff rebate checks. President Donald Trump proposed these payments. Bessent confirmed Congressional approval is mandatory. “We need legislation for that,” Bessent stated clearly. If approved, the checks “could go out.” These payments target “working…
Pakistan’s stock market has been on an unprecedented rise in recent months, with the KSE-100 Index crossing the historic 100,000-point mark on October 28, 2024. This “golden day” in the history of the Pakistan Stock Exchange (PSX) has sparked debate, with the government attributing the surge to effective economic policies, while critics label it as…
U.S. Import Prices Rise on Fuel Costs: Inflation Risks Loom In November 2024, U.S. import prices rose by 0.1%, defying the expectations of a 0.2% decline. This unexpected increase, primarily driven by higher fuel costs, is raising concerns about potential inflationary pressures, complicating the Federal Reserve’s strategy in combating inflation. The rise in import prices…
Key Projections for Fiscal Year 2025 The International Monetary Fund (IMF) has released optimistic projections. The figures come from its World Economic Outlook 2024 report. Pakistan’s economy is expected to stabilize significantly. The average inflation rate is projected to be 9.5% this year. This is a massive drop from last year’s rate, which exceeded 23%….
The Optimistic Five-Year Outlook The International Monetary Fund (IMF) has delivered a positive economic forecast. The IMF Predicts Pakistan Inflation Decline will continue steadily. This decline is expected to result in a multi-year period of stability. The Fund estimates average inflation will remain in single digits. This encouraging trend is projected to last for five…