fbpx

PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

1 August 2022,01:38

Weekly Outlook

Debate on Recession Continues

1 August 2022, 01:38

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

With the most recent US GDP figures (-0.9%) showing a second back-to-back negative reading, many are saying that the US has entered a recession. This comes after another recession indicator, an inversion of the US Treasury yield curve, began flashing several times starting in April. Most recently, interest on the 2-year note has been higher than that of the 10-year note for most of July. However, jobs and employment data in the US still remains strong – and it’s one of the main reasons cited by US officials like Fed Chair Jerome Powell and Treasury Secretary Janet Yellen on why the US is not in a recession. Whether there is an “official” recession is decided by the National Bureau of Economic Research, which uses a complicated system of metrics to measure the health of the American economy. 

Another Crypto Company Files for Bankruptcy

Southeast Asia-focused cryptocurrency exchange Zipmex has filed for bankruptcy protection in Singapore – the latest in a series of dominoes falling in an ongoing crypto “winter”. Zipmex has said that it is trying to address $53 million of exposure to embattled crypto lenders Celsius and Babel Finance. Zipmex’s lawyers have submitted 5 moratoriums blocking legal action against the compay for 6 months.

Senate Passes $52 Billion CHIPS Act 

The US Senate has passed a bipartisan bill to boost the US semiconductor industry to address the chip shortage, while increasing the competitiveness against China. Over $52 billion will go to domestic companies manufacturing and designing chips. There will also be tax credit given for investments in chip manufacturing. With its role in virtually every piece of existing technology like smartphones and even household appliances, semiconductors are viewed by many as “the new oil” – and most of the world’s advanced chips are produced in Taiwan. Money in the bill will also go towards science training in the US, and promoting non-Chinese equipment manufacturing.

Comience a operar con una ventaja

Opere en forex, índices, Rieles y mucho más con los diferenciales más bajos de la industria y ejecución ultrarrápida.

  • Empiece a operar con depósitos desde tan solo 50 $ en nuestras cuentas estándar.
  • Obtenga acceso a atención al cliente 24/7.
  • Acceda a cientos de instrumentos, herramientas educativas gratis y algunas de las mejores promociones del sector.
Únase ahora

Latest Posts

Apertura de cuenta rápida y sencilla

Crear una cuenta en vivo
  • 1

    Registrarse

    Regístrese para obtener una cuenta en vivo de PU Prime con nuestro sencillo proceso.

  • 2

    Fondo

    Deposite fondos en su cuenta sin esfuerzo con una amplia selección de canales y monedas aceptadas.

  • 3

    Empezar a operar

    Acceda a cientos de instrumentos en condiciones de trading líderes en el mercado.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!