UPS was a Covid beneficiary—until it wasn’t. Now, it again looks like a reopening play. Mario Tama/Getty Images Text size Covid cases are falling and the economy is about to reopen—again. Playing it, ...
Tag: Economics
Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints – Economics Bitcoin News
The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,”...
When Is the Next Recession Coming? Here’s How to Time It
Fake it ‘til you make it might work in Silicon Valley. It’s a less practical strategy for the Federal Reserve, which looks ready to compound one mistake with another. The central bank’s statement on W...
Blockchain experts explain the economics of Bitcoin
Diving into the economics of Bitcoin with Cryptonites, some of the most prominent figures in the crypto space, including Michael Saylor, Erik Voorhees, Gordon Einstein, Rhian Lewis, and many more expl...
Here’s What to Watch as the Fed Gets Set to Raise Rates and Shrink Balance Sheet
Anxiety is high as the Federal Reserve wraps its first meeting of the year. Will the central bank abruptly end its emergency bond-buying program ahead of schedule? Are more rate increases in store, an...
Economists Focus on Upcoming FOMC Meeting as Global Market Rout Slows – Economics Bitcoin News
Global markets have been feeling the pressure of fear and uncertainty, as the upcoming Federal Open Market Committee (FOMC) plans to make a decision on Wednesday concerning changing the current moneta...
DeFi vault aggregator Revault partners up with Quantum Economics
DeFi startup Revault and Quantum Economics, a FinTech research, advisory, and money management firm led by Mati Greenspan, revealed they will be partnering up in a joint announcement. Revault Network ...
Joe Biden Claims Inflationary Pressure ‘Rests With the Federal Reserve,’ Praises the Fed’s ‘Extraordinary Support’ – Economics Bitcoin News
On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes...
US Senator’s Inflation Report Says ‘Its Only Going to Get Worse,’ Truflation Oracle Reveals True Inflation Rate – Economics Bitcoin News
America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Sena...
Gold Miner Says Investors Prefer Hedging Against Inflation With Gold, Not Crypto – Economics Bitcoin News
The CEO of a Canada-headquartered gold mining company, Mark Bristow, has insisted that gold currently has little downside risk. He also highlighted the precious nature of the metal and how it is a bet...
Stock Market Today: Global Shares Rise as U.S. Markets Pause for M.L.K. Jr. Day
Text size Wall Street trading will return in force Tuesday. Angela Weiss/AFP via Getty Images Global stocks moved slightly Monday in what is expected to be a quiet trading session, with U.S. markets c...
Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates – Economics Bitcoin News
The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepare...
As Russia-Ukraine Tensions Heat Up, Russian Stocks and Currency Take Big Hits
Russia’s stocks continue to sink as Russian-Western diplomatic talks ended without visible progress. NATALIA KOLESNIKOVA/AFP/Getty Image Text size Russia is a screaming buy, if you forget about the li...
Lael Brainard Says Inflation Is ‘Too High.’ She’s Open to a Rate Hike in March.
Text size Lael Brainard Jim Watson/AFP/Getty Images Cutting down inflation will be the Federal Reserve’s most important task for the foreseeable future, Fed Gov. Lael Brainard said at her confirmation...
US Inflation Rate Jumps Highest in 40 Years to 7%, Democrats Concerned Inflation Will Haunt the Party – Economics Bitcoin News
One of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Labor Department’s data published on Wednesday indicated that the consumer price index (CPI) rose to 7% in D...
Monetary Historian – Economics Bitcoin News
Franklin Noll, an academic and monetary historian, has asserted that crypto can be both a security and a currency. Pointing to the history of U.S. money, Noll argues that being both a currency and a s...
Fed’s Outgoing Vice Chair Richard Clarida’s ‘Rebalancing’ Trades Ignite Fed Trading Ethics Scandal – Economics Bitcoin News
Members of the U.S. Federal Reserve are getting criticized this week after the central bank published its minutes report from the policy meeting on December 14-15. Following the update, the outgoing v...
Forget Fed Rate Hikes. How It Handles Its $9 Trillion in Assets Is What Really Matters.
Federal Reserve Board Chairman Jerome Powell, shown late last year at a House hearing, faces some big policy decisions this year. Brendan Smialowsky/AFP/Getty Images Text size If there is one takeaway...
Fed Minutes Suggest More Stock-Market Turmoil Could Lie Ahead
Text size Federal Reserve Chairman Jerome Powell. Kevin Dietsch/Getty Images Sometimes you need to read something in black and white to believe it. That may explain why the stock market sold off sharp...
South Korea Holds Economics 101 Class For Covid Era
A cameraman films a screen showing South Korea’s benchmark stock index at the lobby of the Korea … [+] Exchange in Seoul on January 3, 2022, on the first trading day of the new year. JUNG ...
Stocks Tumble as Fed Minutes Confirm Rate Hikes Are Coming
Text size Interest rate hikes are coming. The stock market is taking note. Karen Bleier/AFP/Getty Images Stocks fell Wednesday after the minutes from the last FOMC meeting confirmed that the Federal R...
Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar’s Decline – Economics Bitcoin News
The total quantity of gold held in reserves by central banks topped 36,000 tons for the first time since 1990, data from World Gold Council has shown. This increase follows growth in the banks’ report...
Why Inflation Won’t Be Driving Markets in 2022—And What Will Be
About the authors: Larry Hatheway and Alex Friedman are the co-founders of Jackson Hole Economics, and the former chief economist and chief investment officer, respectively, of UBS. As the New Year co...
Inflation and the Fed: Why Wall Street Is Misdiagnosing Pandemic Economics
About the authors: Larry Hatheway and Alex Friedman are the co-founders of Jackson Hole Economics, and the former chief economist and chief investment officer, respectively, of UBS. The Federal Reserv...