Has Jerome Powell managed the impossible, or was it just luck?
On December 14, 2022, Federal Reserve Chair Jerome Powell made a candid admission: “I wish there was a completely painless way to restore price stability. There isn’t, and this is…
Economy
1618 posts
Wage growth is still losing the battle against inflation: Will paychecks finally catch up?
American workers have faced an uphill battle over the past few years, as wages continue to lag behind the persistent rise in prices. Despite signs that inflation is cooling from…
UK inflation steady at 2.2% in August, services sector prices rise
The UK’s inflation rate held steady at 2.2% in August, according to data released by the Office for National Statistics (ONS) on Wednesday. This figure, unchanged from July, aligns with…
Bitcoin Dogs (0DOG) price forecast as BTC eyes $70K on Fed rate decision and ETF flows
Bitcoin jumped nearly 4% in the past day to trade above $60.42K at press time. Enhanced sentiments toward the upcoming Federal rate decision, the US economy, and US Bitcoin spot…
Countries, businesses brace for economic impact as Storm Boris ravages Central Europe
Central Europe is facing devastating economic losses following the catastrophic floods caused by Storm Boris, with preliminary estimates suggesting the damage could surpass €1 billion. The full extent of the…
Chinese stocks and Fed rate cuts: what investors should know
Chinese stocks could benefit as the US Federal Reserve prepares to announce its first rate cut this week, according to Steven Sun, the head of research at HSBC Qianhai Securities.…
Nayib Bukele unveils El Salvador’s first debt-free budget for 2025, signaling economic shift
In a historic move, El Salvador’s President Nayib Bukele has announced the country’s first debt-free budget for 2025, aiming to break away from its reliance on borrowing. The proposed budget,…
Is the US market about to lose its dominance as global banks start to converge?
The Federal Reserve is set to join the European Central Bank (ECB) and the rest of the world in gradually moving away from the aggressive rate hikes seen in the…
China’s new chipmaking machines: can they compete with Western tech?
China has recently announced the development of two new lithography machines, aimed at reducing its reliance on the US in semiconductor manufacturing. This move is part of China’s broader efforts…
Gold poised for record rally after minor setback if Fed opts for 25 bps cut: Goldman Sachs
Gold is likely to experience a short-term decline if the Federal Reserve opts for a modest 25-basis-point interest rate cut this week, but Goldman Sachs analysts expect the metal to…