Economy
Why is India working against the BRICS?
Understanding India’s Complex Relationship with the BRICS: A Deep Dive into the Factors Influencing New Delhi’s Position The BRICS (Brazil, Russia, India, China, and South Africa) bloc, established in 2006, has been a significant force in global politics and economics. Among its members, India holds a pivotal role due to its demographic size, economic potential,…
Fed may cut rates this year amid inflation concerns tied to Trump
The Federal Reserve is closely monitoring the economic landscape, with ongoing inflation concerns taking center stage. One key factor contributing to these concerns is the administration’s aggressive economic policies under President Donald Trump. The Federal Open Market Committee (FOMC), the monetary policy-making body of the Fed, is expected to meet in late March to discuss…
Anthropic CEO talks about AI-induced inequality issues
Anthropic CEO “Dr. Nick Bostrom” recently held a press conference where he delved into the pressing issue of AI-Induced Inequality . With the rapid advancement of artificial intelligence (ai), concerns about the potential socio-economic disparities it may create have grown increasingly vocal. Bostrom, a renowned philosopher known for his work on existential risk and the…
Japan’s inflation jumps on energy costs, rate hike potential grows
: Japan’s Inflation Surges Amidst Rising Energy Costs: Implications and Rate Hike Potential Background The Bank of Japan (BoJ) has maintained a low-interest rate environment since the late 1990s to revitalize the economy and achieve its 2% inflation target. However, recent developments in energy markets have put upward pressure on prices, leading to a surge…
America’s debt disaster will either boost or break crypto
America’s Debt Disaster: A Boom or Bane for Crypto? An In-depth Analysis The ongoing debt disaster in America has been a topic of intense debate for several years now. With the national debt clock ticking ever higher, many are wondering how this economic crisis will impact the cryptocurrency market . Some believe that the debt…
The U.S. economy doesn’t need interest rate cuts
The U.S. Economy Doesn’t Need Interest Rate Cuts: An In-Depth Analysis Despite recent concerns about a potential economic slowdown, the U.S. economy doesn’t necessarily need interest rate cuts from the Federal Reserve (Fed). Here’s a closer look at the current economic landscape and why rate cuts might not be the best solution. Strong Labor Market…
“IMF Economist Sounds Fiscal Crisis Alarm Amid Soaring US Borrowing”
IMF Economist Sounds Fiscal Crisis Alarm Amid Soaring US Borrowing In a stark warning to the U.S. government, an International Monetary Fund (IMF) economist has raised the alarm over America’s ballooning borrowing, which he believes could potentially lead to a fiscal crisis. Kevin Raisch , the IMF’s mission chief for the U.S., stated that the…
Moscow stock exchange ceases trading in dollar and euro
Moscow Stock Exchange (MSE) Ceases Trading in Dollars and Euros: The Moscow Stock Exchange (MSE), Russia’s principal exchange, has recently announced that it will cease trading in dollars and euros, effective immediately. This drastic move comes as a response to the growing instability in global currency markets and Russia’s increasing reliance on its own currency,…
U.S. senators urge Federal Reserve to cut interest rates
U.S. Senators Urge Federal Reserve to Cut Interest Rates: An In-depth Outline Background: The Federal Reserve, the United States’ central banking system, has the power to set monetary policy and influence interest rates. Lately, concerns over a potential economic slowdown have prompted several U.S. senators to call for a rate cut. Reason 1: Trade Tensions…
Awaiting China’s economic comeback? – Check out these indicators
Awaiting China’s Economic Comeback? Check Out These Indicators As the world waits with bated breath for China‘s economic comeback after a rough year, it’s essential to keep a close eye on several key indicators that could shed light on the country’s economic recovery. Here are some notable indicators to watch: Manufacturing PMI The link is…
So, how is Japan’s economy faring now?
Japan’s news/articles/2024-04-04/japan-s-households-continue-to-cut-spending-as-inflation-weighs?srnd=homepage-africa” rel=”nofollow noopener” target=”_blank”>economy is seeing some pretty wild twists and turns, making for an intriguing, but kinda nerve-wracking, story. For starters, the average household in Japan has been tightening the purse strings, and no, not out of a newfound passion for frugality, but because inflating prices are putting a damper on their shopping…
Zimbabwe turns to gold in efforts to permanently ditching US dollar
Buckle up, because Zimbabwe’s going for a wild ride down Gold Lane, ditching the us-be-affected-when-brics-ditch-dollar/” data-type=”post” data-id=”504791″ target=”_blank” rel=”noopener”>US dollar like it’s out of fashion. Under President Emmerson Mnangagwa’s regime, this southern African gem is shaking up its monetary system yet again. This time, they’re pulling a bold move by introducing a new gold-backed currency….
Federal Reserve v. ECB – Who will cut interest rates first?
Amidst the global economic rollercoaster, the million-dollar question that’s got investors biting their nails and analysts spitting predictions like fortune-tellers is: Who’s going to blink first in the face-off between the Federal Reserve and the contact Central Bank when it comes to slashing interest rates? You’re not getting an intro that starts with “In a…”…
Eurozone’s inflation drops to 2.4% – but the numbers don’t add up
March’s latest financial whirlwind has the inflation-maintain-its-deceleration/” data-type=”post” data-id=”504563″ target=”_blank” rel=”noopener”>Eurozone’s inflation taking a nosedive to 2.4%, throwing economists and their crystal balls out of sync. This unexpected drop from the previous month’s 2.6% has sent a buzz of optimism through the air, suggesting that a cut in interest rates by the contact Central Bank…
Jerome Powell reiterates he has no plans to cut rates anytime soon
Jerome Powell, the governor at the Federal Reserve, inflation-is-easing-before-cutting-rates.html” rel=”nofollow noopener” target=”_blank”>threw a cold splash of reality on us this Wednesday, making it crystal clear he’s not about to hit the rate-cut button anytime soon. Yeah, you read that right. Despite the jitters and jitterbugs dancing around the idea of easing monetary policy, Powell’s standing…
It’s bizarre, but Germany might actually save Europe’s economy
Who would’ve thought that Germany, the self-acclaimed tired man of Europe (also the weirdest economy right now), is shaping up to be the unlikely hero in what can only be described as a nail-biter for the continent’s economy? Just when you thought the script couldn’t get any more dramatic, here comes my girl Germany, showing…
Trump pledges tax cuts and economic boom if reelected president
Donald Trump, aiming for a comeback, made a bold declaration to all you American people:- elect him again, and your wallets will fatten up with tax cuts while the nation enjoys an economic resurgence. This promise, coming from a man whose presidency was nothing if not eventful, raises eyebrows and questions in equal measure. Trump’s…
Federal Reserve doubles down on bullish outlook for U.S. economy
The Federal Reserve isn’t playing games when it talks about the us-be-affected-when-brics-ditch-dollar/” data-type=”post” data-id=”504791″ target=”_blank” rel=”noopener”>U.S. economy. With perhaps way too much confidence, it’s talking about an enduring strength in economic activity. The message is loud and clear. Don’t expect the cost of borrowing money to get cheaper anytime soon. Loretta Mester of the Cleveland…
U.S. Treasury yields see shocking rise thanks to persisitent inflation
The finance industry just got a bit more interesting, and if you’re anything like me—someone who just loves knowing what is up the us-be-affected-when-brics-ditch-dollar/” data-type=”post” data-id=”504791″ target=”_blank” rel=”noopener”>U.S. economy at all times—you’re going to want to pay attention. Treasury yields have decided to take a little hike, reaching levels we haven’t seen in the past…
Uh, is Xi Jinping trying to copy America’s economic problems?
If you’re wondering whether Xi Jinping is on a mission to mimic America’s economic headaches, you’re not alone. The Chinese President has thrown a curveball into the global finance with a strategy that smells oddly familiar to what’s been cooking in the U.S. treasury and the Federal Reserve’s kitchen for years. Jinping’s latest musings have…