India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RB...
Tag: Economics
Goldman Sachs’ Blankfein Advises Companies and Consumers to Prepare for US Recession — Says It’s a ‘Very, Very High Risk’ – Economics Bitcoin News
Goldman Sachs Senior Chairman and former CEO Lloyd Blankfein has warned that companies and consumers should prepare for a recession in the U.S. He stressed that it’s a “very, very, high risk.” Goldman...
Fed Hawkishness May Be Near Its Peak, Even if Inflation Isn’t
Fed Chairman Jerome Powell, shown earlier this month at his postmeeting press conference, says the price pressures need to be reined in even at the expense of economic pain. But how far is he willing ...
Russia Is Likely to Default on Its Debt Soon. What That Means for Markets.
Text size Spires of St Basil’s Cathedral in Moscow’s Red Square. Cameron Spencer/Getty Images About the author: David Beers is a senior fellow at the Center for Financial Stability, a NY-b...
Erratic Bond Yields, Lockdowns, and War — 3 Reasons Why Economic Recovery Won’t Happen Quickly – Economics Bitcoin News
The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% f...
Is Red-Hot Inflation Cooling Off? 3 Signs That Show It Is.
Text size Expectations for inflation are critical to how fast the Fed raises interest rates. Frederic J. Brown/AFP via Getty Images Good news about inflation is bubbling up even as the Federal Reserve...
3 Signs Red-Hot Inflation Is Cooling Off
Text size Expectations for inflation are critical to how fast the Fed raises interest rates. Frederic J. Brown/AFP via Getty Images Good news about inflation is bubbling up even as the Federal Reserve...
Turkey’s Inflation Rate Surges to 70%, Monthly Rate of Change Now 7.25% – Economics Bitcoin News
The latest data from the Turkish Statistical Institute (TSI) shows that rising transportation and food costs were some of the key factors contributing to the surge in the country’s inflation rate to 7...
Rates Are Rising and Stocks Are Taking a Beating. It Won’t End Soon.
Text size The market reacted violently to the Federal Open Market Committee, which hiked the federal-funds rate target by half a percentage point for only the second time this century. Spencer Platt/G...
Peter Schiff Warns Economic Downturn in the US ‘Will Be Much Worse Than the Great Recession’ – Economics Bitcoin News
Following the Federal Reserve’s rate hike on Wednesday, economist Peter Schiff has had a lot to say since the U.S. central bank raised the benchmark rate by half a percentage point. Schiff further bel...
Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June – Economics Bitcoin News
While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback...
US Central Bank Raises Rates by Half a Percentage Point, Fed’s Powell Says Similar Hikes Are on the Table – Economics Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
Strong Dollar Aids U.S. Inflation Fight, Adds to Price Pressures Abroad
Text size Chinese 100 yuan bank notes. Paul Yeung/Bloomberg While your attention probably was focused on that big takeover of a certain social-media site, the gyrations in the global currency markets ...
Europe Inches Closer to a Ban on Russian Oil. Here’s What That Would Mean.
Europe will continue debating a ban on imports of Russian oil over the weekend. While such a deal is far from certain, the New York Times reported Friday that the European Union could approve a phased...
Former Google CEO Eric Schmidt Starts Investing in Cryptocurrency — Finds Web3 Economics ‘Interesting’ – Featured Bitcoin News
Eric Schmidt, a former Google CEO whose net worth is $22.8 billion, reveals that he has put “a little bit” of money into cryptocurrency. He added that he finds Web3’s economics “interesting,” noting t...
Deutsche Bank Predicts Major US Recession Next Year – Economics Bitcoin News
Deutsche Bank’s economists have warned that the U.S. will suffer a major recession next year. However, several other major investment banks, including Goldman Sachs and JPMorgan, are less pessimistic ...
US Dollar Will Remain Global Reserve Currency, Says It ‘Has Great Inertia’ – Economics Bitcoin News
In remarks that appear to pour cold water on assertions that digital currencies will topple the U.S. dollar anytime soon, a former governor of the Chinese central bank, Zhou Xiaochuan, insisted the gr...
Europe Faces Higher Recession Risks Than U.S.A.
TOPSHOT – A recently painted mural by British graffiti artist Banksy, depicting a workman chipping … [+] away at one of the stars on a European Union (EU) themed flag, is pictured in Dover...
The Fed’s Interest Rate Hikes Could Be Even Worse Than Feared
Text size Federal Reserve Chairman Jerome Powell. Tom Williams/Pool/Getty Images Don’t fight the Fed has long been a Wall Street motto. But the nation’s central bank thus far has been a reluctant figh...
The 10-Year Treasury Yield Is Nearing 3%. That’s a Bad Omen for the Stock Market.
Interest rates may finally be getting real. To investors with a sense of history, the near-zero and even negative interest rates of recent years might have seemed unreal, and indeed were unprecedented...
A Key Bond Yield Nears 3%. It’s a Bad Omen for Stocks.
Interest rates may finally be getting real. To investors with a sense of history, the near-zero and even negative interest rates of recent years might have seemed unreal, and indeed were unprecedented...
Fed’s Powell Puts Half-Point Rate Hike on the Table for May
Text size Fed Chair Jerome Powell will appear on a panel Thursday with European Central Bank President Christine Lagarde. Graeme Jennings/Pool/AFP/Getty Images Federal Reserve Chairman Jerome Powell c...
Fed’s Bostic Cautious About Rate Hikes as President Biden Blames Higher Prices on Covid-19 and Putin – Economics Bitcoin News
As inflation continues to wreak havoc on the lives of ordinary American citizens, all eyes are focused on the U.S. Federal Reserve’s plans to fix the situation. Meanwhile, as the St. Louis Fed preside...
Home Prices Surged to a Record as Sales Fell. What’s Cooling the Hot Housing Market.
Text size The rising cost of buying a home has weighed on buyers as mortgage rates have increased. Brandon Bell/Getty Images Existing-home sales fell in March fell as home prices climbed to their high...
Economist Predicts the Fed’s Response to Inflation Will Push Crypto Higher – Economics Bitcoin News
Allianz Chief Economic Advisor Mohamed El-Erian says that the Federal Reserve’s response to inflation will cause the prices of cryptocurrencies, like bitcoin, to “go higher.” He noted: “That’s what yo...
Are We in a Bear Market? Investors Should Stay Calm.
About the author: David Rosenberg is founder and president of Rosenberg Research & Associates. He was formerly chief economist and strategist at Gluskin Sheff + Associates Inc, and chief North Ame...