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Goldman Sachs Group of the United States has raised its interest rate to 5% from this week's 0.75%p rate hike to four rate hikes from March next year. Goldman Sachs said on Friday that economists now expect the US Federal Reserve to raise rates to 5%, higher than previously expected, and the Fed will raise rates in March next year to the range of 4.75% to 5%. increase, which is 25 basis points h..

In response to a 0.6% rise in GDP in the third quarter of the US, major US media issued a diagnosis of “trade-led domestic consumption preferring US products.” "Overall GDP figures were skewed by the international trade component," the New York Times reported on Wednesday. The Wall Street Journal reported that the main reason for the rebound in GDP was a decline in the trade deficit, a kind of s..

Lee Chang-yong, governor of the Bank of Korea, announced that he would rely on a strong US dollar policy, and Bloomberg announced that the economy would be in recession for a year from now. Treasury Secretary Janet Yellen said on the 12th that the dollar's strength after last week's G7 meeting was "a natural result of the different pace of monetary tightening in the United States and other count..

The cash balance of international fund managers rose to the highest level in 20 years, reaching a '15% weight' in their portfolios. "Cash is now becoming a viable asset class because of what's happening with interest rates," said Paul Nolt of Kingsview Investment Management. he told Reuters. Regarding his high holdings on cash, he said, "It gives me a chance to look around the financial markets ..

The trade deficit recorded US$9.5 billion in August, doubling every month since May, and semiconductor exports grew negatively by -0.2%. Statistics from the Korea Customs Service showed that imports increased by 28.2% (year-on-year) from a deficit of USD 9.487 billion in August, and exports rose 6.6% to USD 56.758 billion. $4.9 billion → February: $1.02 billion → March: $120 million → April -$2...

Professor Pull Krugman told the Korean media about the US Inflation Act (IRA) as "to prove the Democrats' climate response policy in the political struggle against the anti-democratic Republican Party to create jobs." Poul Krugman, a professor at the City University of New York (Nobel Prize in Economics), said in an interview with Maeil Business News on the 3rd, “Korea needs to look at the const..

“A recession can be painful and frightening, but it is a recurring feature of the economy,” he said. The recovery is effectively over," the Wall Street Journal reported on the 29th. The Japanese government said, "The Japanese economy is rising, inflation is not remarkably high and not stagflation. The upward pressure on prices is weaker than in Europe and the United States. It is important to ov..

In the US, federal spending fell by 12% in June, reducing its fiscal deficit by 49%, while South Korea's government spending rose 1.1% in the second quarter, making the gap in the widening deficit clear. The Bank of Korea announced on the 26th that government consumption rose 1.1% in the second quarter, led by social security in-kind benefits. When the US federal government's fiscal deficit reac..

The Asian Development Bank diagnosed Korea's high inflation and low growth in Asia as worse next year, and Korea's trade deficit is getting bigger under the strong dollar system. ADB revised its forecast for April in its 'Asia Economic Outlook (ADO) Supplement' on the 21st, maintaining a growth rate of 2.6% for Korea next year and raising the inflation rate from 2% to 3%. In China, the inflation..

The US Consumer Price Index rose 9.1% from the previous year, and the interest rate is expected to rise by 1% at the end of this month. The cost of living' index announced that it rose 0.8% compared to May. "The rise in the consumer price index in the 12-month period ending in June was the fastest since November 1981," the U.S. Department of Labor said in a statement today. "It was responsible f..