Bank of America, Goldman Sachs, JPMorgan, and UBS have shared their predictions about the Federal Reserve raising interest rates further. Bank of America and Goldman Sachs, for example, now expect the...
Tag: Economics
55% of Americans Believe They Will Lose It All if a Recession Hits the United States – Economics Bitcoin News
According to a recent study by Clever, a real estate data company, nearly three out of four Americans worry there will be a recession this year, and 69% of the research participants say the U.S. is al...
US Inflation Remains Higher Than Expected, Raising Concerns Among Investors – Economics Bitcoin News
U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue ...
Bank Of Japan’s Next $5 Trillion Man Has Worst Job In Economics
Japan’s government nominated Kazuo Ueda to be the next governor of the Bank of Japan. Akio Kon/Bloomberg As poisoned-chalice jobs go, leading the Bank of Japan is a real standout. In fact, Kazuo...
Bridgewater CIO Warns of Deeper, Longer, and ‘Much More Painful’ Recession Than What We’re Accustomed To – Economics Bitcoin News
Bridgewater Associates’ co-chief investment officer has warned about a recession that is “much more difficult” and “much more painful” than what we’ve been accustomed to. “The dam has been broken wher...
Axie Infinity (AXS) Introduced Eras, Here’s How It Affects Game Economics
Vladislav Sopov Flagship ‘Play-to-Earn’ platform reconsidered its economics with Eras inception: What has changed? Contents Axie Infinity (AXS) Season 2: Dawns up, plants down AXS price up...
Bitcoin To Transform Humanity’s Understanding of Economics
HodlX Guest Post Submit Your Post Many revolutionary technologies have profoundly impacted humanity’s understanding of the world. The success of the first computers in the early 20th century forced...
The Economics Tavern For Business Leaders Focusing On Profit Drivers
Crowded tavern getty Economic news comes out frequently, creating a cacophony of often-conflicting trends, dominated by the scariest items. Business leaders must understand the economic issues driving...
Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar – Economics Bitcoin News
Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute fo...
US Dollar to Keep Losing Its Appeal as Safe-Haven Currency of Last Resort, Says Strategist – Economics Bitcoin News
Pacific Investment Management Company (PIMCO) expects the U.S. dollar to “continue to lose its appeal as the safe-haven currency of last resort.” The $1.74 trillion asset management firm added that th...
Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan – Economics Bitcoin News
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury ...
Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising – Economics Bitcoin News
The Central Bank of Argentina has announced the issuance of a new 2,000 peso bill, aimed at easing the burden of using cash for payments in the country. The bill, which will have a value of a little m...
The Market Has Decided a Recession Is Coming, Says Mad Money’s Jim Cramer – Economics Bitcoin News
The host of Mad Money, Jim Cramer, says the market has already decided that the Federal Reserve “will tighten and create a recession no matter what.” Cramer also recently said that we are in a bull ma...
Job Numbers Keep Climbing, Sinking Chances of Rate Cuts
What did you know and when did you know it? If one were to pose that Watergate-era question to Federal Reserve Chairman Jerome Powell, on the issue of whether he gets an advance peak at key economic d...
Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank – Economics Bitcoin News
Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe jo...
Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell – Economics Bitcoin News
The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-poi...
Economics Reporting Is Misleading Investors
Economist adjusting data to uncover trend getty In this slowing U.S. economy, it’s important to understand why and how economists’ adjustments of actual data can produce misleading results...
Lumber Prices Set For A Surge As Homebuilding Rebounds
Constructing new timber framed houses in Echuca, Australia. (Photo by Ashley Cooper/Construction … [+] Photography/Avalon/Getty Images) Getty Images Get ready for a lumber surge. The homebuildin...
Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply – Economics Bitcoin News
The Argentine peso has fallen consistently against the U.S. dollar this month, losing almost 12% since Jan. 1. The behavior of the exchange rate for the informal “blue” dollar keeps bringing concerns ...
Market Strategist Warns of ‘Blood’ on February 1 Ahead of Fed Meeting – Economics Bitcoin News
Stocks, precious metals, and cryptocurrencies rallied during the first month of the year, and market strategists are saying that markets could retract in the near future if the U.S. Federal Reserve ke...
Robert Kiyosaki Says ‘We Are in Global Recession’ — Warns of Soaring Bankruptcies, Unemployment, Homelessness – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that we are in a global recession. Warning of soaring bankruptcies, unemployment, and homelessness, he noted that th...
No Recession In 2023, New Research Shows
SAN FRANCISCO, CALIFORNIA – SEPTEMBER 16, 2018: A sign in the window of a home decor store in San … [+] Francisco, California, announces the store’s going out of business sale. (Phot...
Biden And Sunak — The Energy Policy Odd Couple
TOPSHOT – US President Joe Biden (R) and British Prime Minister Rishi Sunak hold a meeting on the … [+] sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali, Nov...
China’s Big Comeback Is Just Getting Started. How to Play It.
Talk about a comeback. As China abandons policies that stifled economic growth for the past three years, investors have sent the country’s stocks soaring—up more than 50% since October. The rally migh...
The Next PCE Report Lands Today. What It Will Say About Inflation.
The Federal Reserve’s preferred measure of rising prices is set to show that inflation continues to trend downward, supporting the narrative that the central bank could soon ease up in its battle agai...