Financial and Economic News: December 13, 2023

Boosting Your Financial IQ

Major stories developing on the global economic front, including:

• Economic Tides Turning
• The Fed’s Forecast
• BOJ’s Rate Dilemma
• Oppenheimer Predicts Stock BOOM
• Billionaires Flock to Abu Dhabi
• Occidental on Purpose
• An ‘Epic’ Legal Battle
• Bond Market Shift
• Big Impacts on Small Businesses

Check out the FinWeekly roundup of the latest financial and market news for the week. In the U.S., economic shifts are anticipated in 2024 as central banks consider adjusting strategies following aggressive interest rate hikes in 2023. The Federal Reserve eyes potential interest rate cuts based on stable consumer prices, acknowledging challenges in reaching the 2% inflation target. Meanwhile, the Bank of Japan maintains a cautious stance on altering negative interest rates. Wall Street predicts a stock boom in 2024, while Abu Dhabi attracts billionaires seeking wealth safeguards through Special Purpose Vehicles (SPVs). Occidental Petroleum's $10.8 billion acquisition of CrownRock LP reflects a trend of consolidation in the oil sector. In legal news, a San Francisco jury deems Google's app store practices anticompetitive, potentially reshaping the industry. U.S. bond forecasters caution against expecting a year-end rally extension in 2024, and small businesses express caution amid rising interest rates, contributing to potential economic slowdown if borrowing costs persist.

Here's how to get started with Boosting Your Financial IQ:

• Step 1: Test your financial IQ for FREE
• Step 2: Download the FREE app
• Step 3: Take the Fundamentals of Finance course

Disclaimer:
BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.

Get the free BYFIQ app and Starter Course here: https://www.byfiq.com/app

Support the Show.