As of Tuesday, the U.S. dollar stands firm, achieving its highest value against several major currencies in over two months. This upward momentum is driven by speculations surrounding the Federal Reserve’s interest rate trajectory. Many market participants anticipate that the Fed will pursue moderate rate cuts in the near future. In this evolving narrative, the
Economy
In the wake of holiday reductions in trading activities, the Asian stock market displayed minimal movement on Monday. Investors are exercising caution as they anticipate the effects of the Chinese government’s recent economic stimulus pledges. Despite broad promises made over the weekend, the lack of concrete details has bred uncertainty, leaving market participants speculating about
Recent insights from the Bank of America Institute indicate a significant transformation in holiday shopping dynamics, primarily driven by changing consumer behaviors. The comprehensive report highlights a markedly increased inclination among lower-income households towards online shopping, a trend that has noticeably altered the contours of holiday retail. As consumers adapt to new shopping behaviors, especially