IMF

The International Monetary Fund (IMF) painted a concerning picture for the United States’ fiscal outlook, with upward revisions to the budget deficit and mounting worries over the country’s national debt burden. In its latest October Fiscal Monitor, the IMF forecasts a deficit that...

A risk-off mood persists on Wall Street as the index futures point to a marginally lower start on Wednesday after the tech-led rebound witnessed in the previous session. Nvidia Corp. (NASDAQ:NVDA) fell in premarket, followed by Apple Inc. (NASDAQ:AAPL) and Tesla Inc. (NASDAQ:TSLA). Chipmakers and...

Editor’s note: This story has been updated to remove draft notes that were erroneously included. The International Monetary Fund (IMF) delivered a mixed message on the U.S. economy in its latest World Economic Outlook report. While the Washington-based institution raised its forecast for U.S...

The International Monetary Fund (IMF) revised its projected economic growth for the U.S. in 2024, lowering it to 2.6%. What Happened: The revision is 0.1 percentage points below the agency’s April projection. The IMF cited a slower-than-expected start to the year and an anticipated cooling...

The International Monetary Fund (IMF) has raised a red flag on the potential of artificial intelligence (AI) to exacerbate inequality, urging governments to take measures to protect their economies. What Happened: The IMF expressed “profound concerns” about the possibility of...

International Monetary Fund Managing Director Kristalina Georgieva has issued a dire warning about the potential ramifications of the AI revolution on the global job market. What Happened: Georgieva, in a speech at the Swiss Institute of International Studies in Zurich, cautioned that the AI...

“I recommend investing in Argentina” — a few words from Elon Musk on social media platform X bolstered Argentine assets to new heights, underscoring investor confidence under new President Javier Milei’s administration. The Global X MSCI Argentine ETF (NYSE:ARGT), which tracks the...

International Monetary Fund (IMF) deputy chief Gita Gopinath raised concerns about the United States’ burgeoning public debt, emphasizing the urgency of reducing the federal deficit from its current 7% of GDP. “The U.S. is running [a] very large deficit for a country with a strong...

The International Monetary Fund (IMF) has raised concerns about a small number of hedge funds that now hold significant control over the U.S. Treasury futures market. “A concentration of vulnerability has built up, as a handful of highly leveraged funds account for most of the short...

Investors remain on edge as geopolitics continue to shape market trends, with Israel mulling a response to Iran while the U.S. and key allies explore further sanctions against Tehran. U.S. major averages display mixed performances as of midday trading Tuesday. The S&P 500 holds steady at 5,200...

To gain an edge, this is what you need to know today. Extraordinary Move In Treasuries Please click here for an enlarged chart of 20+ year Treasury bond ETF (NASDAQ: TLT). Note the following: The chart shows that TLT has fallen below the support/resistance zone. This prior support zone has...

The U.S. economy is projected to outshine its advanced counterparts in the coming years with a notable upward revision in its growth forecasts, according to the April 2024 World Economic Outlook. The forecast predicts a 2.7% growth for the U.S. in 2024 — an improvement by 0.6 percentage points...

Argentine stocks experienced a surge on Thursday following rumors that the country is in discussions with the International Monetary Fund (IMF) for a new program. This initiative aims to secure additional funding, accelerating Argentina’s departure from its stringent capital controls, as...

Olivier Blanchard, a renowned economist and former chief economist at the International Monetary Fund (IMF), has voiced serious concerns about the potential for a fiscal crisis in the U.S., attributing the risk to the country’s significantly expanded deficits and a political climate resistant...

Unlocking necessary funding to grow its economy might cost El Salvador and President Nayib Bukele the abandonment of Bitcoin (CRYPTO: BTC). According to Bank of America economist Alex Muller, El Salvador is in pursuit of a deal with the International Monetary Fund (IMF), which can provide the...