A group of economic authorities said that the long-term risk brought by the continuously rising federal debt is the top issue facing the US economy. These risks include a situation where the scale of debt prompts central banks to keep interest rates low to minimize debt servicing costs rather than to curb inflation – a […]
Anna B. Paulson, president of the Federal Reserve Bank of Philadelphia, said in a speech at the American Economic Association’s annual meeting in Philadelphia on Saturday: “I think inflation will ease, the labor market will stabilize, and the growth rate of the economy this year will be around 2%. If all these goals can be […]
The recent interest rate hike by the Bank of Japan failed to sustainably boost the yen, leading to a growing chorus of bearish views on the currency. This has further reinforced the notion that the yen’s structural weaknesses cannot be resolved quickly. Strategists at JPMorgan Chase, BNP Paribas and other institutions believe that due to […]
While traditional markets are experiencing a seasonal upswing at the end of the year, the world’s largest cryptocurrency, Bitcoin, has remained almost unchanged. Its trading price hovers around $87,370, fluctuating within the range of $85,000 to $90,000, showing no signs of recovery. This asset, built on hype, volatility, and disruptive factors, has come to a […]
The Central Bank of Russia has developed a framework to regulate cryptocurrencies in the domestic market. This framework will allow both retail and qualified investors to purchase cryptocurrencies, once again demonstrating how sanctions have altered Russia’s attitude towards cryptocurrencies. The Central Bank of Russia said in a statement on Tuesday that non-qualified investors can purchase […]
U.S. Treasury Secretary Scott Bessent supports reconsidering the Federal Reserve’s 2% inflation target, provided that the United States can consistently bring the rate of price increases down to that level. “Once we get back to 2 – and I think that’s just around the corner – we can discuss: Is it smarter to set a […]
Federal Reserve Governor Stephen Miler said that the US central bank needs to cut interest rates by more than one percentage point by 2026, as he believes that monetary policy is suppressing economic growth. “I think it’s very hard to say that the policy is neutral. I think the policy is clearly restrictive and is […]
According to informed sources, officials at the European Central Bank expect that, based on the latest economic growth and inflation outlook, this round of interest rate cuts is likely to have come to an end. People familiar with the matter said that unless there are other major shocks, deposit rates, which have been cut eight […]
Venezuela’s oil has long been a core element in the United States’ actions against strongman Nicolás Maduro over the years. Successive US administrations have used the country’s vital oil exports as a lever to pressure Caracas, first imposing oil sanctions in 2019 and more recently partially blocking oil tankers ahead of US air strikes and […]
President Donald Trump said he is interviewing “three to four” candidates for the chairmanship of the Federal Reserve and expects to decide soon on who will succeed Jerome Powell. “I think each of them is a good choice,” Trump said. Trump indicated that he was not sure if he would announce the pick by the […]