The Federal Reserve's balance sheet expanded by $2 billion this week, reaching a total of $7.2 trillion.
This marks the ninth increase in a year amidst prior declines, which have been tapering off since May, possibly signaling an upcoming rate cut.
CME data points to a potential 25 basis point rate cut on September 16, supported by recent lower-than-expected inflation and PPI figures. Despite this, August retail sales were stronger than anticipated, reducing immediate recession fears.
Financial markets have largely absorbed the effects of the yen carry trade unwind from August 5, though Bitcoin remains below $60,000.
The Japanese Yen has weakened to 148 per dollar, and Japan’s GDP growth surpassed forecasts at 0.8%, possibly indicating a future rate hike by the Bank of Japan.
In contrast, the UK economy grew by 0.6% in Q2 2024, following a 0.7% increase in Q1. Coinbase UK’s CEO, Daniel Seifert, suggested that further rate cuts by the Bank of England could boost interest in cryptocurrencies and enhance regulatory alignment with global standards.
Donald Trump is doubling down on his pro-tariff stance, crediting the policy for what he calls a booming U.S. economy.
Robert Kiyosaki, author of Rich Dad Poor Dad, has raised alarm bells once again—this time warning that the financial system may already be in the early stages of a historic downturn.
JPMorgan Chase CEO Jamie Dimon has delivered a stark message about America’s financial trajectory, cautioning that the U.S. dollar’s role as the world’s reserve currency could come under threat if deep-rooted fiscal problems aren’t addressed soon.
Jamie Dimon, CEO of JPMorgan Chase, has voiced fresh concerns about the state of the U.S. economy, warning that financial markets may be heading into troubled waters—particularly the bond market.