As the Fed Turns 109 Years Old, the US Dollar’s Purchasing Power Eroded by More Than 96% Since It Was Created

109 years ago, USA. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, more than 96% of the greenbacks purchasing power has been erased

Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7%

On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 baaspunktid (bps). The increase brings the United Kingdom’s main lending rate to 3%, after a majority

Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’

Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes apretty big recessionwill take place in 2023. Speaking in an interview on

Ark Invest CEO Warns Rate Hikes Could Fuel a ‘Deflationary Bust’ in Open Letter to the Fed

Following the United Nations Conference on Trade and Development (UNCTAD) report that the U.S. Federal Reserve should stop raising rates, Ark Invest CEO Catherine Wood has published an open letter to the U.S. central bank asking the institution to stop raising

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 triljon

A recently published forecast stemming from the Federal Reserve Bank of Clevelands Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day Americas gross national debt

Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth

USA. economy has declined for the second-straight quarter as the countrys gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysiss summary of the U.S. GDP follows the recent debate over the technical definition of a

Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down

Cleveland Federal Reserve Bank president Loretta Mester doesnt think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. While speaking during an interview on Sunday, Mester explained

US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994

USA. Federal Reserve raised the federal funds rate by 75 baaspunktid (bps) kolmapäeval, and it was the largest increase since 1994. According to the Fed members expectations, the central bank will likely add another 1.5 percentage points by

Samal ajal kui Covid ja Hawkish Fed hirmutavad globaalseid turge, Aktsiad ja krüptotagastus pärast seda, kui Musk ostis Twitteri

Wall Street kannatas esmaspäeva hommikul, kuna USA suur osa. aktsiaindeksid langesid veelgi, tuginedes eelmisel nädalal kogutud kahjudele. Aruanded näitavad, et investorid on mures eelseisvate Föderaalreservi intressitõusude ja Hiina pärast’hiljutine Covid-19 puhang. As equities floundered on