Economy News

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.

The U.S. debt level surpassed $35 trillion on July 29, amplifying worries about the economy and a possible recession.

Mike Novogratz, the CEO of Galaxy Digital, has raised alarms about the current state of US government spending, suggesting that it is on a dangerous path that could lead to bankruptcy.

JPMorgan Chase analysts are raising concerns as the U.S. national debt nears $35 trillion.

Federal Reserve officials are approaching a decision to lower borrowing costs within the next few months. Chair Jerome Powell might hint at this move soon, as concerns grow about impacting a strong yet slowing job market.

The U.S. economy, despite what many think, is experiencing relatively strong growth, which may come as a surprise to many.

Steve Forbes, a prominent American executive and publisher, has criticized Kamala Harris’s policies, claiming they would adversely affect the middle class.

The Bureau of Economic Analysis’s advance estimate revealed that the US gross domestic product (GDP) grew at an annualized rate of 2.8% in the second quarter, surpassing the 2% growth predicted by Bloomberg-surveyed economists.

Bill Dudley, the former president of the Federal Reserve Bank of New York, reversed his position, advocating an immediate cut in interest rates instead of keeping them higher for an extended period.

Renowned economist Peter Schiff has warned that conditions in the cryptocurrency sector are predisposing for a potential crash.

Investor enthusiasm for artificial intelligence (AI) weakened on Wednesday, sparking a $1 trillion drop in the Nasdaq 100 Index.

Europe is bracing for potential upheaval as former President Donald Trump prepares to endorse cryptocurrency at an upcoming conference in Nashville.

Artificial intelligence (AI) is transforming global economies, but its rapid growth raises concerns about potential economic instability.

Kimberly Cheatle has stepped down as Director of the U.S. Secret Service following intense scrutiny over a recent security breach related to an assassination attempt on former President Donald Trump.

Kamala Harris may step in as the Democratic nominee for president, potentially succeeding Joe Biden. This shift brings up questions about her economic policies and their impact on the U.S.

Billionaire investor Robert Kiyosaki is once again championing Bitcoin, suggesting that a potential Trump presidency could significantly enhance its value.

The United States has its fair share of challenges – from the drastically increasing debt, to the real estate crisis.

Yesterday, the current president of the United States, Joe Biden, withdrew from the 2024 presidential race.

Robert Kiyosaki, a well-known financial expert, is warning of tough economic times ahead and advises people to prepare.

After Joe Biden dropped out of the presidential race, Donald Trump commented on the situation via a phone call.

Major U.S. banks are grappling with significant financial losses due to rising unpaid debts. Bank of America, Citigroup, and Goldman Sachs have reported combined losses of $4.1 billion.

Analysts are sounding alarms about potential economic trouble ahead for the United States. Several key indicators that have historically predicted downturns are aligning, suggesting a recession may be looming.

In Milwaukee, former President Donald Trump accepted the Republican presidential nomination after a high-energy four-day event.

The Chinese yuan has recently strengthened against the US dollar, reaching its highest midpoint level for July.

On July 18, the European Central Bank (ECB) opted to keep its key interest rates unchanged, signaling a pause aimed at addressing persistent inflation concerns.

Traders bolstered the euro on Thursday amid signals from the European Central Bank (ECB) of cautious post-rate-cut plans, easing previous concerns over French political turmoil.

Investor optimism is currently buoyed by expectations of potential U.S. interest rate cuts, aiming to prevent a severe economic downturn, despite escalating geopolitical risks, according to the latest survey by Bank of America.

Wall Street is increasingly frustrated with the Federal Reserve’s interest rate strategy, highlighted by Bank of America’s recent results.

Robert Kiyosaki, renowned investor and author of ‘Rich Dad Poor Dad,’ continues to voice stark criticisms of the US financial system.

Saudi oil giant Aramco has reentered the debt market after three years, planning to raise at least $3 billion through bonds maturing in 10, 30, and 40 years.

In a recent social media post, Elon Musk has sparked concerns about the economic trajectory of the United States, warning that excessive government spending could lead to financial ruin.

Henrik Zeberg, a macroeconomist, has reiterated his forecast of an impending recession, citing continued strong performance in key market sectors.

Jerome Powell’s testimony infront of the US Congress gave some insight into the Federal Reserve’s current stance on rate cuts.