The Federal Reserve will fire its next salvo in the war against inflation on Wednesday afternoon. That is likely to include an interest-rate increase of 0.75 percentage points and a hawkish tone from ...
Tag: Economics
Economists Warn of Severe Recession as Fed Continues Raising Interest Rates to Fight Inflation – Economics Bitcoin News
A growing number of economists have warned about a severe recession in the U.S. if the Federal Reserve keeps up its fight against inflation. “Each adverse development in the outside world implies the ...
Airline Refund Rules Have Changed, But Opportunities Still Exist
Customers expect a refund when an airline cancels their flight. But what if you’re encouraged not to … [+] fly? Airline refunds are subject to tough economic realities and regulations change slo...
Victory of President-Elect ‘Lula’ in Brazil Might Bring the Rise of a Common Currency for Latam – Economics Bitcoin News
The victory President-Elect Luis Inacio Lula Da Silva obtained on Oct. 30 over the incumbent Jair Bolsonaro in Brazil might open the gates for the proposal of a single currency for the countries of La...
Nigeria’s Central Bank Doubles Down on Plans to Introduce Newly Designed Naira Banknotes – Economics Bitcoin News
The Nigerian central bank was, on Oct. 29, forced to defend its controversial currency redesign plans, just a few days after they were publicly questioned by Nigerian Finance Minister Zainab Ahmad. Th...
Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar – Economics Bitcoin News
Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia a...
Stocks Poised to Fall Monday
U.S. stocks are poised for a slightly lower open on Monday ahead of another busy week of earnings and the Federal Reserve’s latest decision on interest rates on Wednesday. At 6:22 p.m. Eastern time Su...
Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’ – Economics Bitcoin News
Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “prett...
Rethinking China: Xi’s Power Play Could Bring Down Stocks Even More
Chinese stocks have lost roughly half their market value, or almost $1.5 trillion, over the past two years. But the damage may not be over as investors reassess their China allocations after President...
Fed’s Key Inflation Gauge Jumps 0.5% in September, America’s Rising Costs to ‘Punish’ Democrats – Economics Bitcoin News
The U.S. central bank’s key inflation gauge, the personal consumption expenditures (PCE) price index, increased by 0.5% in September, according to data released by the U.S. Commerce Department on Oct....
Robert Kiyosaki Warns Stocks, Bonds, Real Estate Will Crash as Fed Continues Rate Hikes — Advises Buy Bitcoin Before Fed Pivot – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that stock, bond, and real estate markets will crash as the Federal Reserve continues to raise interest rates....
Federal Reserve Chairman Jerome Powell Faces Political Pressure Over Interest Rate Hikes – Economics Bitcoin News
U.S. Senator Sherrod Brown has asked Fed Chair Jerome Powell not to forget the Federal Reserve’s “dual mandate” when making decisions about hiking interest rates at the next Federal Open Market Commit...
ECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing Operations – Economics Bitcoin News
On Thursday, the European Central Bank (ECB) announced the central bank’s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to the rate h...
257 Economists Say Global Recession Is Near, US Trade Restrictions Against China Could Stir Taiwan Invasion – Economics Bitcoin News
According to 257 economists polled by Reuters, the global economy is approaching a recession, but 70% of the survey’s participants believe the chances of a sharp rise in unemployment levels will be lo...
Economist Peter Schiff Warns the US Dollar Will Crash — Says ‘We’re Going to Default’ – Economics Bitcoin News
Economist Peter Schiff has warned that the U.S. dollar will crash. Noting that the U.S. is “in a much bigger fiscal mess than Great Britain,” with a much bigger debt problem, Schiff stressed: “Can we ...
US-China Tensions, Russia-Ukraine War ‘Far More Concerning’ Than Recession – Economics Bitcoin News
JPMorgan Chase CEO Jamie Dimon says the tensions between the U.S. and China and the Russia-Ukraine war are “far more concerning than whether there’s a mild or slightly severe recession.” He stressed: ...
This Isn’t the Bottom and Recession Isn’t Priced In, Goldman Says
Markets haven’t priced in a recession, according to analysts at Goldman Sachs Equities and credit markets are pricing in a lower risk of recession than rates and currency traders, though no asset clas...
US Financial Stability Risks Could Materialize, Cites ‘Dangerous and Volatile Environment’ – Economics Bitcoin News
Treasury Secretary Janet Yellen has warned that financial stability risks could materialize in the U.S. Noting that “Inflation remains too high, and we are contending with serious global headwinds,” s...
Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid – Economics Bitcoin News
The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave Preside...
US Central Bank Loses Billions From Rate Hikes, ‘Losses Pile up Into an IOU’ – Economics Bitcoin News
While the U.S. Federal Reserve ramped up the benchmark bank rate with a barrage of rate hikes, U.S. Treasury markets and global bond markets, in general, have seen one of the worst selloffs in over a ...
I Bonds Are Selling Like Crazy. Buy Now Before the Record 9.6% Rate Drops.
Text size Orders for I Bonds must be placed through the TreasuryDirect website. Dreamstime Hurry or you’ll miss out on one of the best deals in the bond market. The rate on the Treasury’s popular seri...
Billionaire Says Britain May Be Forced to Seek Bailout From IMF if It Does Not Renegotiate Brexit Deal – Economics Bitcoin News
British billionaire investor Guy Hands has reckoned that Britain will become “the sick man of Europe” and may be forced to seek a bailout from the International Monetary Fund (IMF) if it does not rene...
Fed Isn’t Too Hawkish and Crypto Is ‘Kind of Irrelevant’ – Economics Bitcoin News
JPMorgan Chase’s president that crypto “is kind of irrelevant in the scheme of things.” Commenting on the U.S. economy, he defended the Federal Reserve’s hawkish stance, emphasizing that if the Fed’s ...
Relief From Brazil Is Insight For Orange Juice Lovers
Vintage illustration of giant glasses of orange juice, 1940s. (Photo by Found Image Holdings/Corbis … [+] via Getty Images) Corbis via Getty Images Ouch! Orange juice prices seemed to have reach...
China’s Share Of Global Economy Set To Stall- New Research
BEIJING, CHINA – MARCH 05: Chinese President Xi Jinping attends the opening session of the National … [+] People’s Congress at The Great Hall of People on March 5, 2017 in Beijing, C...
The Stock Market Had a Great Week, but It Hasn’t Gone Anywhere in a Month. Inside a Very Volatile Market.
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Analysts Say an Onslaught of Fed Rate Hikes Could Spur a ‘Bond Market Flash Crash’ or ‘Blow up the Treasury’ – Economics Bitcoin News
The U.S. economy has been struggling with inflation running rampant and investors are eagerly waiting for the U.S. Federal Reserve to announce the next federal funds rate hike next month. Harris Kuppe...
Report – Economics Bitcoin News
India has emerged as a leading global player in the Web3 market, a new report by Nasscom states. Web3 investments in the country grew 37 times from the start of 2020 to Q1 2022 and $1.1 trillion in We...
Tesla CEO Elon Musk Says Global Recession Could Last Until Spring 2024 – Economics Bitcoin News
Tesla and Spacex CEO Elon Musk expects a global recession to last until the spring of 2024. Musk added that his two companies are in good positions but many others are not. “Recessions do have a silve...
RMDs Will Be a Heavy Lift for Those Who Delayed Them
Retirees who have postponed taking this year’s required minimumdistributions (RMDs) from their 401(k)s and individual retirement accounts face a bitter task before year-end: withdrawing assets when po...