Economy News

China is reportedly exploring a significant economic stimulus initiative aimed at rejuvenating its struggling economy.

According to many market analysts, the Federal Reserve may be preparing to cut interest rates by a quarter point next week.

The Bank of Japan (BOJ) has chosen to hold its benchmark policy rate steady at 0.25% amid political uncertainties following Japan’s recent election.

Recent US employment data indicates a modest increase in non-farm payrolls, which rose by only 12,000 in October, significantly lower than the expected 110,000.

In September, personal income in the U.S. rose by $71.6 billion, reflecting a monthly increase of 0.3%, as reported by the U.S. Bureau of Economic Analysis.

JPMorgan Chase’s CEO, Jamie Dimon, has raised alarms regarding escalating conflicts in Ukraine and the Middle East, as well as the increasing collaboration among U.S. adversaries such as Russia, China, North Korea, and Iran.

Howard Lutnick, CEO of Cantor Fitzgerald, has endorsed Donald Trump as the best candidate for America’s wealthy, praising his commitment to American workers, economic growth, and support for cryptocurrency alongside tariff implementation.

The Federal Reserve’s November 6-7 meeting is expected to determine the course of interest rates, with key inflation and employment data likely shaping the outcome.

As the U.S. presidential election approaches, JPMorgan Chase CEO Jamie Dimon has again refrained from endorsing any candidate during his recent trip to Washington, D.C.

Former Goldman Sachs chief economist Jim O’Neill, commenting on the potential of a common BRICS currency.The 16th BRICS summit, held in Kazan, Russia, concluded on Thursday and was marked by several important discussions and announcements.

In a surprising move, the Bank of Canada announced its fourth consecutive interest rate reduction on Wednesday, dropping the key rate by 50 basis points to 3.75%.

China’s recent economic policies are unlikely to significantly boost its struggling economy, according to Haibin Zhu, chief China economist at JPMorgan Chase.

Global inflation is anticipated to decline to 3.5% by the end of 2025, largely due to a resilient global economy, as reported by the International Monetary Fund (IMF).

Billionaire hedge fund manager Paul Tudor Jones has raised concerns about the unsustainable rise in U.S. debt and its potential to trigger inflation.

The effect of US economic data on cryptocurrencies, especially Bitcoin, is becoming more and more obvious.

China’s economic growth for Q3 2024 fell short of government expectations, with a GDP increase of 4.6%, down from 4.7% in the previous quarter.

As inflation in the U.S. approaches the Federal Reserve’s target of 2%, the Fed implemented its first rate cut in September, reducing rates by 50 basis points.

The European Central Bank (ECB) has reduced its main interest rate for the third time this year, cutting it from 3.5% to 3.25%.

In 2024, fears of a looming recession have been a key issue for investors, but those worries are now waning.

Analysts from two of the largest U.S. banks foresee an imminent interest rate cut from the Federal Reserve.

The International Monetary Fund (IMF) forecasts that global public debt will reach $100 trillion by year-end, equating to about 93% of total GDP, primarily driven by excessive spending from the U.S. and China.

The U.S. government recently allocated nearly $1 trillion just to cover the interest on its escalating national debt.

JPMorgan CEO Jamie Dimon has issued a stark warning about the looming threat of a global recession, even as he continues to criticize Bitcoin and other cryptocurrencies.

Just now, the BLS released the latest inflation data and things are looking good for the U.S. economy.

Financial educator and author Robert Kiyosaki has raised alarms about the state of the U.S. economy, warning that the nation, despite its status as the largest global economy with a GDP of around $29 trillion, is on a downward path.

The cryptocurrency landscape, particularly Bitcoin, tends to respond to significant economic indicators from the U.S. as traders adapt their strategies to align with macroeconomic trends.

One of the most important U.S. economic metrics, the jobs report, was just released by the Bureau of Labor Statistics.

Thomas Barkin, President of the Richmond Fed, emphasized the importance of monitoring economic indicators and inflation trends to guide future interest rate adjustments.

U.S. Federal Reserve Chair Jerome Powell envisions a shift toward a more “neutral stance” in future monetary policy.

On Tuesday, cryptocurrency values experienced a downturn, with Ethereum dipping below the $2,500 mark amid rising geopolitical tensions triggered by Iran’s missile strikes on Israel.

Jrome Powell, Chair of the US Federal Reserve, continues to express optimism about achieving the inflation target of 2%.

Economists are now anticipating a 0.25% interest rate reduction from the European Central Bank (ECB) in October, moving away from prior predictions of a cut in December.

On Tuesday, Pan Gongsheng, the Governor of the People’s Bank of China, revealed a set of economic stimulus measures, marking what some economists view as the central bank’s largest intervention since the Covid-19 pandemic.

Over the past eight years, Bitcoin’s price has shown a consistent positive correlation with the People’s Bank of China’s (PBOC) balance sheet.

Arthur Hayes, co-founder of BitMEX, believes that the quantitative easing (QE) policies being implemented by various governments will have a positive impact on Bitcoin and the overall crypto market.

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.

The Federal Reserve’s recent 50 basis point rate cut left experts divided.

Federal Reserve meetings usually follow a predictable pattern, but this week’s Federal Open Market Committee (FOMC) gathering was shrouded in uncertainty.

At the Token2049 event on September 18, Arthur Hayes, co-founder of BitMEX, warned that upcoming interest rate cuts by the U.S. Federal Reserve could trigger a major downturn in the crypto market.

Cryptocurrency investors are closely watching the Federal Reserve’s interest rate decision set for tomorrow.

BlackRock Investment Institute is skeptical about the Federal Reserve implementing as many rate cuts as the bond market anticipates.

Billionaire Peter Thiel has expressed concern that the US economy would likely be in a recession if not for extensive government intervention.

A group of Democratic senators, led by Elizabeth Warren, is pressing Federal Reserve Chair Jerome Powell to implement a significant reduction in interest rates to protect the U.S. economy.

Renowned crypto analyst Doctor Profit has made bold predictions about the Federal Reserve’s upcoming meeting on September 18.

JPMorgan Chase CEO Jamie Dimon recently raised concerns about the U.S. economy, citing the potential impact of inflation and increasing deficits.

Goldman Sachs strategists, led by Christian Müller-Glissmann, are forecasting greater resilience in the U.S. stock market than many investors expect, suggesting a low probability of a severe recession.

US inflation fell to 2.5% in August, setting the stage for the Federal Reserve to consider cutting interest rates at its meeting next week.

Recent indicators suggest that the U.S. may avoid a recession in 2024, reversing earlier concerns.

In recent developments, a surprising alliance between presidential candidate Donald Trump and Tesla’s Elon Musk has emerged, marked by mutual endorsements and shared views.

Robert Kiyosaki has raised fresh concerns about the global financial system, emphasizing the overburdened state of the bond market.

With cryptocurrencies experiencing a significant decline of nearly 30% from their March highs, the upcoming week features several critical events that could have a major impact on both crypto and traditional markets.

The US national debt has surged by more than $680 billion in just three months, climbing from approximately $34.6 trillion on June 3rd to around $35.3 trillion by September 3rd.

Chris Larsen, co-founder of Ripple, has added his name to a distinguished list of business leaders endorsing Vice President Kamala Harris for the 2024 presidential election.

The Federal Reserve is expected to lower interest rates, which could benefit Bitcoin (BTC) and other cryptocurrencies.