Economy News

A prominent cryptocurrency analyst believes the digital assets market will remain strong even if the Federal Reserve reduces interest rates.

China is considering a significant capital boost of about $142.4 billion (1 trillion yuan) to support its largest state bank, aiming to revitalize a faltering economy and stagnant markets.

China’s central bank has rolled out its most substantial stimulus since the pandemic, aimed at reinvigorating the country’s sluggish economy and steering it back toward the government’s growth target.

Donald Trump criticized the Federal Reserve’s recent decision to cut its benchmark interest rate by half a percentage point, calling it a “political maneuver” and suggesting that a smaller reduction would have been more appropriate.

The Bank of Japan (BOJ) has opted to keep interest rates steady at 0.25%, leading to a sharp rise in the Nikkei index, which jumped over 700 points.

On September 18, the US Federal Reserve made a notable move by cutting interest rates by 50 basis points, marking the start of a new easing cycle.

After the long-awaited rate cut by the Federal Reserve, the crypto market started showing signs of recovery.