\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Nationwide's proposed acquisition of Virgin Money, if successful, would mark the end of the Virgin Money brand, signaling a significant shift in the UK banking landscape. While branding arrangements posed initial hurdles, Nationwide's intention to phase out the Virgin brand over six years suggests a decisive move towards consolidation.<\/p>\n","post_title":"Nationwide Shakes Up British Banking Sector With \u00a32.9B Virgin Money Takeover Bid","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nationwide-shakes-up-british-banking-sector-with-2-9b-virgin-money-takeover-bid","to_ping":"","pinged":"","post_modified":"2024-03-11 00:07:39","post_modified_gmt":"2024-03-10 13:07:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15801","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Despite its ambitions, Virgin Money faced challenges, with plans to shut down one in five branches by 2021 as customer preferences shifted online. The bank's community-focused approach, once a hallmark of its brand, faced the reality of changing consumer behavior.<\/p>\n\n\n\n

Nationwide's proposed acquisition of Virgin Money, if successful, would mark the end of the Virgin Money brand, signaling a significant shift in the UK banking landscape. While branding arrangements posed initial hurdles, Nationwide's intention to phase out the Virgin brand over six years suggests a decisive move towards consolidation.<\/p>\n","post_title":"Nationwide Shakes Up British Banking Sector With \u00a32.9B Virgin Money Takeover Bid","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nationwide-shakes-up-british-banking-sector-with-2-9b-virgin-money-takeover-bid","to_ping":"","pinged":"","post_modified":"2024-03-11 00:07:39","post_modified_gmt":"2024-03-10 13:07:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15801","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Virgin Money's stock market debut in 2014 yielded modest returns, and in 2018, Clydesdale and Yorkshire Banking Group acquired Virgin Money in a 1.7 billion pound deal. The rebranded entity, Virgin Money, aimed to compete with larger rivals, leveraging Branson's renowned brand for growth.<\/p>\n\n\n\n

Despite its ambitions, Virgin Money faced challenges, with plans to shut down one in five branches by 2021 as customer preferences shifted online. The bank's community-focused approach, once a hallmark of its brand, faced the reality of changing consumer behavior.<\/p>\n\n\n\n

Nationwide's proposed acquisition of Virgin Money, if successful, would mark the end of the Virgin Money brand, signaling a significant shift in the UK banking landscape. While branding arrangements posed initial hurdles, Nationwide's intention to phase out the Virgin brand over six years suggests a decisive move towards consolidation.<\/p>\n","post_title":"Nationwide Shakes Up British Banking Sector With \u00a32.9B Virgin Money Takeover Bid","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nationwide-shakes-up-british-banking-sector-with-2-9b-virgin-money-takeover-bid","to_ping":"","pinged":"","post_modified":"2024-03-11 00:07:39","post_modified_gmt":"2024-03-10 13:07:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15801","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Virgin Money's Stock Market Debut<\/h2>\n\n\n\n

Virgin Money's stock market debut in 2014 yielded modest returns, and in 2018, Clydesdale and Yorkshire Banking Group acquired Virgin Money in a 1.7 billion pound deal. The rebranded entity, Virgin Money, aimed to compete with larger rivals, leveraging Branson's renowned brand for growth.<\/p>\n\n\n\n

Despite its ambitions, Virgin Money faced challenges, with plans to shut down one in five branches by 2021 as customer preferences shifted online. The bank's community-focused approach, once a hallmark of its brand, faced the reality of changing consumer behavior.<\/p>\n\n\n\n

Nationwide's proposed acquisition of Virgin Money, if successful, would mark the end of the Virgin Money brand, signaling a significant shift in the UK banking landscape. While branding arrangements posed initial hurdles, Nationwide's intention to phase out the Virgin brand over six years suggests a decisive move towards consolidation.<\/p>\n","post_title":"Nationwide Shakes Up British Banking Sector With \u00a32.9B Virgin Money Takeover Bid","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nationwide-shakes-up-british-banking-sector-with-2-9b-virgin-money-takeover-bid","to_ping":"","pinged":"","post_modified":"2024-03-11 00:07:39","post_modified_gmt":"2024-03-10 13:07:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15801","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related: <\/strong>Ankr Partners With Pocket Network to Propel Web3 Into a New Era of Truly Decentralized Infrastructure<\/a><\/p>\n\n\n\n

Virgin Money's Stock Market Debut<\/h2>\n\n\n\n

Virgin Money's stock market debut in 2014 yielded modest returns, and in 2018, Clydesdale and Yorkshire Banking Group acquired Virgin Money in a 1.7 billion pound deal. The rebranded entity, Virgin Money, aimed to compete with larger rivals, leveraging Branson's renowned brand for growth.<\/p>\n\n\n\n

Despite its ambitions, Virgin Money faced challenges, with plans to shut down one in five branches by 2021 as customer preferences shifted online. The bank's community-focused approach, once a hallmark of its brand, faced the reality of changing consumer behavior.<\/p>\n\n\n\n

Nationwide's proposed acquisition of Virgin Money, if successful, would mark the end of the Virgin Money brand, signaling a significant shift in the UK banking landscape. While branding arrangements posed initial hurdles, Nationwide's intention to phase out the Virgin brand over six years suggests a decisive move towards consolidation.<\/p>\n","post_title":"Nationwide Shakes Up British Banking Sector With \u00a32.9B Virgin Money Takeover Bid","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nationwide-shakes-up-british-banking-sector-with-2-9b-virgin-money-takeover-bid","to_ping":"","pinged":"","post_modified":"2024-03-11 00:07:39","post_modified_gmt":"2024-03-10 13:07:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15801","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

In 2007, Virgin pursued a takeover of Northern Rock, a move that ultimately failed, leading to the bank's nationalization. However, in 2011, the British government sold Northern Rock to Virgin Money for close to 1 billion pounds, marking a significant milestone for Branson's financial ambitions.<\/p>\n\n\n\n

See Related: <\/strong>Ankr Partners With Pocket Network to Propel Web3 Into a New Era of Truly Decentralized Infrastructure<\/a><\/p>\n\n\n\n

Virgin Money's Stock Market Debut<\/h2>\n\n\n\n

Virgin Money's stock market debut in 2014 yielded modest returns, and in 2018, Clydesdale and Yorkshire Banking Group acquired Virgin Money in a 1.7 billion pound deal. The rebranded entity, Virgin Money, aimed to compete with larger rivals, leveraging Branson's renowned brand for growth.<\/p>\n\n\n\n

Despite its ambitions, Virgin Money faced challenges, with plans to shut down one in five branches by 2021 as customer preferences shifted online. The bank's community-focused approach, once a hallmark of its brand, faced the reality of changing consumer behavior.<\/p>\n\n\n\n

Nationwide's proposed acquisition of Virgin Money, if successful, would mark the end of the Virgin Money brand, signaling a significant shift in the UK banking landscape. While branding arrangements posed initial hurdles, Nationwide's intention to phase out the Virgin brand over six years suggests a decisive move towards consolidation.<\/p>\n","post_title":"Nationwide Shakes Up British Banking Sector With \u00a32.9B Virgin Money Takeover Bid","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nationwide-shakes-up-british-banking-sector-with-2-9b-virgin-money-takeover-bid","to_ping":"","pinged":"","post_modified":"2024-03-11 00:07:39","post_modified_gmt":"2024-03-10 13:07:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15801","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Richard Branson's foray into financial services began in 1995, expanding his empire beyond mobile phones and flights. Virgin Money offers a range of financial products in the UK, Australia, and South Africa, including credit cards, insurance, savings, and pensions.<\/p>\n\n\n\n

In 2007, Virgin pursued a takeover of Northern Rock, a move that ultimately failed, leading to the bank's nationalization. However, in 2011, the British government sold Northern Rock to Virgin Money for close to 1 billion pounds, marking a significant milestone for Branson's financial ambitions.<\/p>\n\n\n\n

See Related: <\/strong>Ankr Partners With Pocket Network to Propel Web3 Into a New Era of Truly Decentralized Infrastructure<\/a><\/p>\n\n\n\n

Virgin Money's Stock Market Debut<\/h2>\n\n\n\n

Virgin Money's stock market debut in 2014 yielded modest returns, and in 2018, Clydesdale and Yorkshire Banking Group acquired Virgin Money in a 1.7 billion pound deal. The rebranded entity, Virgin Money, aimed to compete with larger rivals, leveraging Branson's renowned brand for growth.<\/p>\n\n\n\n

Despite its ambitions, Virgin Money faced challenges, with plans to shut down one in five branches by 2021 as customer preferences shifted online. The bank's community-focused approach, once a hallmark of its brand, faced the reality of changing consumer behavior.<\/p>\n\n\n\n

Nationwide's proposed acquisition of Virgin Money, if successful, would mark the end of the Virgin Money brand, signaling a significant shift in the UK banking landscape. While branding arrangements posed initial hurdles, Nationwide's intention to phase out the Virgin brand over six years suggests a decisive move towards consolidation.<\/p>\n","post_title":"Nationwide Shakes Up British Banking Sector With \u00a32.9B Virgin Money Takeover Bid","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nationwide-shakes-up-british-banking-sector-with-2-9b-virgin-money-takeover-bid","to_ping":"","pinged":"","post_modified":"2024-03-11 00:07:39","post_modified_gmt":"2024-03-10 13:07:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15801","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Nationwide is planning to acquire Virgin Money for 2.9 billion pounds, potentially marking the end of an era for Richard Branson's brainchild. The proposed takeover, subject to conditions, signifies a significant shift<\/a> in the British banking landscape, as one of its iconic brands faces assimilation into the Nationwide fold, Reuters<\/em> reported.<\/p>\n\n\n\n

Richard Branson's foray into financial services began in 1995, expanding his empire beyond mobile phones and flights. Virgin Money offers a range of financial products in the UK, Australia, and South Africa, including credit cards, insurance, savings, and pensions.<\/p>\n\n\n\n

In 2007, Virgin pursued a takeover of Northern Rock, a move that ultimately failed, leading to the bank's nationalization. However, in 2011, the British government sold Northern Rock to Virgin Money for close to 1 billion pounds, marking a significant milestone for Branson's financial ambitions.<\/p>\n\n\n\n

See Related: <\/strong>Ankr Partners With Pocket Network to Propel Web3 Into a New Era of Truly Decentralized Infrastructure<\/a><\/p>\n\n\n\n

Virgin Money's Stock Market Debut<\/h2>\n\n\n\n

Virgin Money's stock market debut in 2014 yielded modest returns, and in 2018, Clydesdale and Yorkshire Banking Group acquired Virgin Money in a 1.7 billion pound deal. The rebranded entity, Virgin Money, aimed to compete with larger rivals, leveraging Branson's renowned brand for growth.<\/p>\n\n\n\n

Despite its ambitions, Virgin Money faced challenges, with plans to shut down one in five branches by 2021 as customer preferences shifted online. The bank's community-focused approach, once a hallmark of its brand, faced the reality of changing consumer behavior.<\/p>\n\n\n\n

Nationwide's proposed acquisition of Virgin Money, if successful, would mark the end of the Virgin Money brand, signaling a significant shift in the UK banking landscape. While branding arrangements posed initial hurdles, Nationwide's intention to phase out the Virgin brand over six years suggests a decisive move towards consolidation.<\/p>\n","post_title":"Nationwide Shakes Up British Banking Sector With \u00a32.9B Virgin Money Takeover Bid","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nationwide-shakes-up-british-banking-sector-with-2-9b-virgin-money-takeover-bid","to_ping":"","pinged":"","post_modified":"2024-03-11 00:07:39","post_modified_gmt":"2024-03-10 13:07:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15801","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 9 10 11 12 13 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • The financial institution was founded by the British billionaire Richard Branson.<\/li>\n<\/ul>\n\n\n\n

    Nationwide is planning to acquire Virgin Money for 2.9 billion pounds, potentially marking the end of an era for Richard Branson's brainchild. The proposed takeover, subject to conditions, signifies a significant shift<\/a> in the British banking landscape, as one of its iconic brands faces assimilation into the Nationwide fold, Reuters<\/em> reported.<\/p>\n\n\n\n

    Richard Branson's foray into financial services began in 1995, expanding his empire beyond mobile phones and flights. Virgin Money offers a range of financial products in the UK, Australia, and South Africa, including credit cards, insurance, savings, and pensions.<\/p>\n\n\n\n

    In 2007, Virgin pursued a takeover of Northern Rock, a move that ultimately failed, leading to the bank's nationalization. However, in 2011, the British government sold Northern Rock to Virgin Money for close to 1 billion pounds, marking a significant milestone for Branson's financial ambitions.<\/p>\n\n\n\n

    See Related: <\/strong>Ankr Partners With Pocket Network to Propel Web3 Into a New Era of Truly Decentralized Infrastructure<\/a><\/p>\n\n\n\n

    Virgin Money's Stock Market Debut<\/h2>\n\n\n\n

    Virgin Money's stock market debut in 2014 yielded modest returns, and in 2018, Clydesdale and Yorkshire Banking Group acquired Virgin Money in a 1.7 billion pound deal. The rebranded entity, Virgin Money, aimed to compete with larger rivals, leveraging Branson's renowned brand for growth.<\/p>\n\n\n\n

    Despite its ambitions, Virgin Money faced challenges, with plans to shut down one in five branches by 2021 as customer preferences shifted online. The bank's community-focused approach, once a hallmark of its brand, faced the reality of changing consumer behavior.<\/p>\n\n\n\n

    Nationwide's proposed acquisition of Virgin Money, if successful, would mark the end of the Virgin Money brand, signaling a significant shift in the UK banking landscape. While branding arrangements posed initial hurdles, Nationwide's intention to phase out the Virgin brand over six years suggests a decisive move towards consolidation.<\/p>\n","post_title":"Nationwide Shakes Up British Banking Sector With \u00a32.9B Virgin Money Takeover Bid","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nationwide-shakes-up-british-banking-sector-with-2-9b-virgin-money-takeover-bid","to_ping":"","pinged":"","post_modified":"2024-03-11 00:07:39","post_modified_gmt":"2024-03-10 13:07:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15801","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

    US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

    However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

    Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

    \"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

    See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

    Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

    Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

    Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

    Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

    Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 9 10 11 12 13 27

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Virgin Money faces rebranding after the proposed takeover.<\/li>\n\n\n\n
  • The financial institution was founded by the British billionaire Richard Branson.<\/li>\n<\/ul>\n\n\n\n

    Nationwide is planning to acquire Virgin Money for 2.9 billion pounds, potentially marking the end of an era for Richard Branson's brainchild. The proposed takeover, subject to conditions, signifies a significant shift<\/a> in the British banking landscape, as one of its iconic brands faces assimilation into the Nationwide fold, Reuters<\/em> reported.<\/p>\n\n\n\n

    Richard Branson's foray into financial services began in 1995, expanding his empire beyond mobile phones and flights. Virgin Money offers a range of financial products in the UK, Australia, and South Africa, including credit cards, insurance, savings, and pensions.<\/p>\n\n\n\n

    In 2007, Virgin pursued a takeover of Northern Rock, a move that ultimately failed, leading to the bank's nationalization. However, in 2011, the British government sold Northern Rock to Virgin Money for close to 1 billion pounds, marking a significant milestone for Branson's financial ambitions.<\/p>\n\n\n\n

    See Related: <\/strong>Ankr Partners With Pocket Network to Propel Web3 Into a New Era of Truly Decentralized Infrastructure<\/a><\/p>\n\n\n\n

    Virgin Money's Stock Market Debut<\/h2>\n\n\n\n

    Virgin Money's stock market debut in 2014 yielded modest returns, and in 2018, Clydesdale and Yorkshire Banking Group acquired Virgin Money in a 1.7 billion pound deal. The rebranded entity, Virgin Money, aimed to compete with larger rivals, leveraging Branson's renowned brand for growth.<\/p>\n\n\n\n

    Despite its ambitions, Virgin Money faced challenges, with plans to shut down one in five branches by 2021 as customer preferences shifted online. The bank's community-focused approach, once a hallmark of its brand, faced the reality of changing consumer behavior.<\/p>\n\n\n\n

    Nationwide's proposed acquisition of Virgin Money, if successful, would mark the end of the Virgin Money brand, signaling a significant shift in the UK banking landscape. While branding arrangements posed initial hurdles, Nationwide's intention to phase out the Virgin brand over six years suggests a decisive move towards consolidation.<\/p>\n","post_title":"Nationwide Shakes Up British Banking Sector With \u00a32.9B Virgin Money Takeover Bid","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nationwide-shakes-up-british-banking-sector-with-2-9b-virgin-money-takeover-bid","to_ping":"","pinged":"","post_modified":"2024-03-11 00:07:39","post_modified_gmt":"2024-03-10 13:07:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15801","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

    US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

    However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

    Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

    \"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

    See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

    Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

    Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

    Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

    Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

    Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 9 10 11 12 13 27

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n