Economy News

In August, the U.S. job market grew at a slower pace than anticipated, adding 142,000 positions compared to the forecasted 161,000. This figure represents a drop from July’s 89,000 new jobs.

Despite investor hopes, the Federal Reserve is unlikely to implement substantial rate cuts in the near future.

As the Federal Reserve approaches its next policy meeting, economist George Lagarias from Forvis Mazars is recommending a cautious 25 basis point rate cut.

The Biden administration has indicted and imposed sanctions on several Russian state media executives, accusing them of trying to meddle in U.S. elections.

Bank of Japan (BOJ) Governor Kazuo Ueda has signaled that the central bank could implement further interest rate hikes if the economic outlook aligns with expectations.

Arthur Hayes, co-founder and former CEO of BitMEX, recently shared his perspective on why the upcoming interest rate cut by the US Federal Reserve may have a limited impact on the price of Bitcoin (BTC).

Max Keiser, a financial journalist and Bitcoin advisor to El Salvador’s President Nayib Bukele, has voiced his concerns about the escalating U.S. national debt on social media platform X.

Elon Musk has raised alarms about the direction of the U.S. economy, predicting that unchecked government spending could lead to bankruptcy.

Inflation in the euro area hit a three-year low, falling to 2.2% in August from 2.6% in July, matching economists’ forecasts.

The PCE inflation report released moments ago will likely to reinforce expectations of an impending Federal Reserve interest rate cut.

Billionaire investor Ray Dalio has recently raised concerns about a potential economic downturn over the next four years and its impact on the U.S. dollar.

Forecasting recessions has proven challenging, with several indicators recently suggesting downturns that haven’t materialized.

Arthur Hayes, CEO of BitMEX, has voiced concerns about the Federal Reserve’s potential interest rate cuts, highlighting a disconnect between political motivations and sound economic policy.

Jerome Powell, the Federal Reserve Chair, recently hinted at a potential interest rate cut in September, which could shake up the cryptocurrency market.

This week’s release of new inflation data is expected to make waves, potentially influencing the Federal Reserve’s decision on interest rates.

The crypto market experienced a strong upswing last week, driven by speculation about a possible Federal Reserve rate cut in September.

Federal Reserve Chair Jerome Powell’s recent address at the Kansas City Fed’s Jackson Hole symposium has highlighted a pivotal shift in focus for the central bank.

Federal Reserve Chair Jerome Powell is taking the stage with his speech at the highly anticipated Jackson Hole Economic Symposium at the moment.

Speculation is mounting that the European Central Bank (ECB) might lower interest rates next month, with September becoming a critical point of focus.

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, recently took to X to express concerns over the United States’ rapidly growing national debt.

Billionaire Peter Thiel has suggested several concrete approaches for the US government to address its significant budget deficit.

The independent presidential campaign of Robert F. Kennedy Jr., known for his pro-crypto stance, is considering a major change.

The central banks of many developing countries are increasingly diversifying their reserves away from the US dollar and into gold and local currencies.

In July 2024, inflation in the eurozone increased slightly to 2.6%, up from 2.5% in June.

As the Jackson Hole Economic Symposium approaches, all eyes are on Fed Chair Jerome Powell’s upcoming speech.

Goldman Sachs has reduced its forecast for a US recession in the next year to 20%, down from 25%, based on recent economic data.

Americans are carrying unprecedented levels of household debt, and one of the nation’s leading banks has issued a warning about a potential decline in consumer strength.

Central banks and finance ministries within the BRICS nations are exploring the development of a new payments system aimed at bypassing the US dollar, according to recent reports.

A new report reveals that 94 U.S. banks are at high risk of facing bank runs from uninsured depositors if they show signs of financial instability.

The Federal Reserve’s balance sheet expanded by $2 billion this week, reaching a total of $7.2 trillion.

In the summer of 1995, NASA set a new space endurance record with a mission of 84 days, a stark contrast to today’s astronauts who may spend eight months in space.

The latest US Consumer Price Index (CPI) report shows July’s inflation rate dropping to 2.9%, just below the expected 3%.

Probably the most important U.S. inflation indicator, the Consumer Price Index (CPI), just came out.

Robert Kiyosaki, entrepreneur, investor and author of the bestselling personal finance book “Rich Dad, Poor Dad”, has issued a stark warning of an impending economic downturn.

The U.S. economy is showing signs of strain as unemployment climbed from 4.1% to 4.3% in July, increasing the number of jobless Americans to around 7.2 million.

In 2024, the stock market has been influenced by two opposing trends: the S&P 500’s strong performance driven by major tech companies and growing recession concerns fueled by fears of an AI bubble, high interest rates, and escalating national debt.

On Monday, Elon Musk and former President Donald Trump held a highly anticipated interview, tackling various subjects including inflation, trade, and nuclear energy.

A well-known economist who previously forecasted signs of economic strain in the U.S. by mid-2024 now anticipates a severe collapse in the cryptocurrency market.

As the Federal Reserve maintains its policy interest rate at a 23-year high of 5.25%-5.50%, anticipation builds for a potential rate cut in September.

Central banks across many developing nations are increasingly moving their reserves into gold and local currencies, reducing their reliance on the U.S. dollar.

The US Consumer Price Index (CPI) report for July, due on August 14, is expected to show a rise, which could influence the Federal Reserve’s upcoming rate decisions.

Many analysts on Wall Street are predicting that the Federal Reserve might implement its first interest rate cut in September, based on the CME FedWatch tool.

Concerns about a potential US recession have intensified following a global stock market drop and a weaker-than-expected jobs report.

JPMorgan Chase CEO Jamie Dimon recently commented on the US economy, saying that it has “not entered a recession at all” despite the market volatility seen this week.

The Bank of Japan (BoJ) has decided to keep its monetary policy unchanged, avoiding both rate hikes and cuts.

The Bank of Japan (BOJ) has opted to keep interest rates unchanged due to ongoing global market volatility, according to Deputy Governor Shinichi Uchida.

Nassim Taleb, renowned risk analyst and author of “The Black Swan”, has provided insights into the recent Japanese market crash and its effects on Bitcoin.

Japan’s key Nikkei 225 index rallied more than 10 percent early Tuesday, after its biggest drop in 37 years the previous day.

During an interview on CNBC, Wharton’s Professor Jeremey Siegel, who is also the Chief Economist at WisdomTree calls for 0.75% emergency rate cut by the FED.

The U.S. Federal Reserve has called for an emergency meeting to address the recent dramatic downturn in global markets.

Concerns about the state of the U.S. economy are having an impact on the Japanese stock market and stock indices in Asia.

Financial analysts say fears of a global recession have risen after a dramatic $2.9 trillion drop in stock market values.

In the real estate sector, the term “housing crash” is causing concern among homeowners, investors, and financial experts. 

Henrik Zeberg, a well-known trader and analyst who runs The Zeberg Report, has reiterated his prediction of a major economic downturn, the worst since the 1929 Great Depression.

Financial expert Robert Kiyosaki, author of “Rich Dad Poor Dad,” recently addressed his followers on the X platform about the current market conditions.

Peter Schiff, an outspoken critic of Bitcoin, has warned that the United States is now in a recession and anticipates a significant increase in inflation.

The Bank of England has lowered interest rates for the first time since the onset of the pandemic, reducing the base rate to 5%.

The Federal Open Market Committee (FOMC) justs concluded their two-day meeting. 

Today is an important day for the american economy as the long-awaited Fed meeting will take place at around 19:00 (UTC).

Investors are eagerly anticipating a signal from the Federal Reserve regarding potential interest rate cuts in September, but a sudden move this week could have negative consequences for the markets.