Fed seen hiking policy rate above 5% as hiring surges
The U.S. Federal Reserve is likely to need at least two more interest-rate hikes, lifting the benchmark rate to above 5%, to slow an unexpectedly strong labor market seen as
Italy Finances Not Threatened by ECB Rate Hikes, Visco Says
Increased borrowing costs at the European Central Bank so far aren’t interfering with Italy’s ability to keep financing its debt load, according to Governor Ignazio Visco. “At present, the hikes
Weekly Forex Forecast (January 30 – February 3, 2023)
Today’s weekly Forex forecast covers the EURUSD, GBPUSD, USDJPY, AUDUSD, and XAUUSD (gold). Markets have some key decisions to make this week, including a terminal pattern on USDJPY and a
White House cryptocurrency ‘roadmap’ recommends against pension funds
he White House released a statement on Jan. 27 that provided United States President Joe Biden’s administration a roadmap for mitigating risks associated with cryptocurrencies. The administration’s legislative guidance addressed much of
China aims to boost consumption and imports as global demand cools
China’s cabinet said on Saturday (Jan 28) it would promote a consumption recovery as the major driver of the economy and boost imports, state broadcaster CCTV reported, at a time
US consumers may have to live with high prices for longer — and a falling US dollar could be to blame
US consumers are getting used to being pleasantly surprised by cooling prices each month, with inflation extending a sustained decline thanks to the Federal Reserve’s interest-rate hikes. Annual increases in Crypto to play ‘major role’ in UAE trade: foreign trade Minister
Crypto will play a “major role” in the United Arab Emirates’ global trade moving forward, says the UAE’s minister of state for foreign trade Thani Al-Zeyoudi. Speaking with Bloomberg on US Existing Home Sales Decline for the Eleventh Straight Month
The National Association of Realtors (NAR) reports Existing-Home Sales Receded 1.5% in December • Existing-home sales faded for the eleventh straight month to a seasonally adjusted annual rate of 4.02 China says COVID-19 outbreak has infected 80% of population
The possibility of a big COVID-19 rebound in China over the next two or three months is remote as 80 per cent of people have been infected, a prominent government