Economy News

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.

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.