Morgan Stanley Urges Bond Traders to Bet on Easing Inflation
Morgan Stanley interest-rate strategists say a surprise ebb in inflation data due this week and declining oil prices stand to reel in the bond market's expectations for inflation over the next two years.
The strategists are advising clients in the inflation swaps market to prepare for the expected rate over two years, about 2.79%, to fall back below the 10-year equivalent, about 2.48%. The short-term expectation has exceeded the long-term one since Election Day.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Travel Weekly
39 minutes ago
- Travel Weekly
Ambassador Hotel of Waikiki joins Hilton's Tapestry Collection
The Ambassador Hotel of Waikiki has joined Hilton's Tapestry Collection. It is Tapestry's first Hawaii hotel. The 368-room hotel, which is managed by Highgate, previously operated as the Romer Waikiki at the Ambassador. Concurrent with its reflagging, the hotel underwent a renovation. The hotel's refreshed interiors feature a tropical-inspired color palette as well as midcentury design elements that pay homage to its 1960s origins. The Ambassador offers a variety of accommodations, including two-bedroom suites and lofted bunk-bed rooms designed for families and groups. The hotel is home to the Waikiki Swim & Social Club, which offers a pool and cabana deck, and the Favorite Son restaurant, a casual-dining concept with indoor-outdoor seating. Guests have access to fitness facilities, bike rentals and beach equipment. Rates at the revamped property start at $159 per night, with Hawaii residents receiving a 25% discount. The Tapestry Collection now has close to 160 hotels and resorts.
Fast Company
42 minutes ago
- Fast Company
Gen Alpha side hustles: How kids are earning big online before they can even drive
If Gen Z is known as the side hustle generation, Gen Alpha may soon take the crown. A survey of 2,002 U.S. Gen Alpha and Gen Z individuals (ages 12 to 28) by social commerce platform Whop found that more than half are using the internet not simply for brain rot and catching up with friends, but also for earning cash. The 'iPad kid' generation—the oldest of whom are just 15—are already putting their screen time to good use. Nearly half (47.1%) are actively earning online through digital side hustles like selling vintage clothing, streaming video games, and posting on social media. That's a 15% increase from last year. When it comes to knowing someone who makes money online, that number jumps to 72.3%. Instead of relying on pocket money, Gen Alpha members are earning an average of $13.92 per hour from their digital pursuits—nearly double the U.S. federal minimum wage of $7.25. Based on those hourly earnings, they're pulling in the equivalent of a $28,000 full-time annual salary, all before turning 16. At the high end, 1.7% of Gen Alpha and Gen Z hustlers earned more than $40,000 last year. Social media platforms have opened new doors for work, and young people raised online are best equipped to step through them. The most common side hustle is reselling new or vintage clothes, with one in five (20.1%) of Gen Aers and Gen Zers earning income this way. Others bring in money from streaming video games (14.1%) or competing in esports tournaments (13.1%). About one in 10 (10.5%) are monetizing content by posting on social media or 'clipping'—repurposing YouTube videos, podcasts, or livestreams into short, shareable clips with viral potential. Only 9.1% are currently earning through brand sponsorships, though many still dream of becoming full-time creators. 'Social media raised this generation, so making money on the internet is now the norm. When you grow up watching YouTube creators and Twitch streamers living lavish lifestyles, it's only natural to want to be part of that,' Brett Malinowski, the marketing director at Whop, tells Fast Company. 'Many of today's biggest creators started posting content when they were teenagers—and now they realize that this is a way for them to make real money.' So, what are these young hustlers saving for? While many are investing in cryptocurrency or stocks, or putting money aside for college, a house, or a big purchase, their main goal is a familiar one: gaining financial independence from the Bank of Mom and Dad. These side hustles are also reshaping how they use screen time. Gen Alpha now spends 3.5 fewer hours per week on screens for entertainment or relaxation compared with Gen Z. Instead, they're dedicating about a fifth (20.3%) of their screen time to their hustles, slightly more than Gen Z, at 19.5%. With the rising cost of living driving more people to seek extra income, the youngest cohort of workers are leading the charge—and they don't plan to slow down. Over half of Gen Aers (51.5%) say they intend to turn their side hustle into a full-fledged career. As these generations enter the workforce in greater numbers, they're ditching the traditional path and forging their own. They're not just getting the bag—they're redefining how it's earned.
Bloomberg
43 minutes ago
- Bloomberg
Serbia Seen Resuming Rate Cuts After Long Pause: Decision Guide
Serbia is poised to cut borrowing costs for the first time since September as inflation approaches the central bank's target and economic growth slows. The National Bank of Serbia is likely to reduce its one-week repurchase rate by 25 basis points to 5.5%, according to 11 of 18 economists in a Bloomberg survey. The rest expect policymakers to keep the benchmark on hold, even after the European Central Bank, which Serbia monitors closely for direction, continued to reduce rates last week.
