Daily Management Review
Economics

U.S. Fed raises inflation forecast for 2025-2027

The U.S. Federal Reserve System (Fed) increased its inflation projection (PCE index) in the United States for 2025 to 3% from the 2.7% anticipated in March, for 2026 - from 2.2% to 2.4%, and for 2027 - from 2% to 2.1%, stated the Fed. Simultaneously, the Fed has downgraded its projection for US GDP...

UBS: Global wealth growth rises to 4.6% in 2024

Global household wealth increased by 4.6% in dollar values in 2024. This is mentioned in the yearly Global Wealth Report by the Swiss bank UBS. Twelve months prior, the growth rate stood at 4.2%. Switzerland continues to have the wealthiest residents ($687.2 thousand on average), the United...

Everyday Millionaires Drive Global Wealth Expansion – Notes UBS report

Global wealth continues its steady ascent, but the real story emerging from recent data is the meteoric rise of the “everyday millionaire” segment—individuals with investible assets between $15 million and $5 million. Once considered the exclusive turf of ultra‑high‑net‑worth individuals, this...

ECB Adopts Flexible Policy Stance to Address Persistent Downside Risks*

The European Central Bank (ECB) has reaffirmed its commitment to a meeting‑by‑meeting approach to monetary policy, prioritizing flexibility as it contends with a complex blend of geopolitical tensions, trade uncertainties, and a sluggish economic recovery in the euro area. By avoiding preset paths...

Recovering Stolen Cryptocurrency Triggers Significant Tax Liabilities

Digital assets have rapidly evolved from a niche investment class into mainstream financial instruments, attracting both enthusiastic investors and sophisticated cybercriminals. As decentralized finance platforms and centralized exchanges expand, they have become lucrative targets for hackers. When...

Rising Security Concerns Drive Shippers to Circumvent the Strait of Hormuz

Faced with renewed hostilities between Israel and Iran, major shipping lines are increasingly rerouting vessels away from the Strait of Hormuz, a critical maritime chokepoint that channels one‑fifth of the world’s oil supply. What was once considered routine transit is now fraught with missile...

US and Canada Pursue Rapid Trade Deal: Feasibility Under Scrutiny

In a surprise announcement on Monday, Canadian Prime Minister Mark Carney and U.S. President Donald Trump declared their intention to finalize a new bilateral economic and security pact within 30 days. The declaration, made on the sidelines of the G7 summit in Alberta, has prompted questions about...

US–UK Trade Pact Poised to Transform Bilateral Economic Landscape

In a high-profile ceremony at the G7 summit, U.S. President Donald Trump and U.K. Prime Minister Keir Starmer formalized a preliminary trade agreement that promises to reshape key sectors of both economies. While the accord stops short of a comprehensive free-trade deal, its provisions on car...

Stagnant Incomes, Structural Uncertainty and Caution: Why Chinese Consumers Are Holding Back

China’s consumer economy, once the engine of its transition toward domestic consumption-led growth, is faltering as households across the country grow increasingly hesitant to spend. Despite economic reopening, government reassurances, and modest policy incentives, spending momentum remains weak. A...

Investors Flee Long‑Term US Treasuries Amid Fed Caution and Fiscal Strains

As the Federal Reserve prepares to maintain its benchmark interest rate in the 4.25%–4.50% range this week, bond investors are pulling back from long‑dated U.S. Treasuries, signaling a shift in expectations for future rate cuts. Earlier optimism that the Fed might embark on aggressive easing—driven...
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