Federal Reserve Chair Jerome Powell recently discussed Bitcoin at the New York Times DealBook Summit, stating that he views it as a competitor to gold rather than the US dollar. He pointed out that while people invest in Bitcoin as a speculative asset, they don’t use it much for transactions or as a stable store ...
Despite recent geopolitical tensions impacting Bitcoin’s price, history shows it tends to recover quickly. Events like the ongoing Israel-Gaza war and Russia’s involvement in Ukraine have led to short-term price dips, such as an 8.4% drop after an Iran-Israel attack in April 2024. However, experts believe Bitcoin often bounces back within 50 days and may ...
Veronica Clark, a US economist at Citi Research, anticipates that the Federal Reserve will lower interest rates by 50 basis points during its December meeting. She shared these insights during her appearance on "Bloomberg The Close."
Argentina's central bank has lowered its benchmark interest rate for the first time in nearly six months. This move comes as President Javier Milei manages a slowdown in inflation in the country’s crisis-prone economy.
Brazil’s real has faced extended losses after Finance Minister Fernando Haddad declined to confirm details on potential government spending cuts. He expressed uncertainty about the figures reported by local newspapers, stating he didn't know their origin.
India's central bank Governor Shaktikanta Das has rejected a proposal from a senior government adviser to exclude volatile food prices from inflation targets. Das emphasized that removing food prices from inflation calculations would not benefit ordinary consumers, underscoring the importance of keeping a realistic view of inflation that includes essential items.
European Central Bank President Christine Lagarde has urged policymakers to start discussions earlier on weeks when interest rate decisions are scheduled. This move aims to streamline the decision-making process, according to sources familiar with her plans.
 "Federal Reserve anticipates gradual rate cuts as inflation slows, but uncertainty looms over future economic conditions and job market stability.")
Federal Reserve Chair Jerome Powell stated that the U.S. economy is seeing slow but steady progress in reducing inflation, which could lead to further interest rate cuts. Speaking at a conference in Nashville, Powell emphasized that disinflation is becoming more widespread and indicated that the Fed’s target inflation rate of 2% is within reach. He ...
 "India’s economy surged to an 8.2% growth in FY24, but the RBI faces inflation challenges ahead of potential rate cuts.")
India’s economy is showing remarkable resilience, with a growth rate of 8.2% recorded in FY24. S&P Global Ratings has kept its GDP growth forecast for FY25 at 6.8%, acknowledging that the Reserve Bank of India may reduce interest rates as early as October due to moderated urban demand. The Indian government’s focus on fiscal consolidation ...
 "RBI Governor Shaktikanta Das remains firm on rates amid food inflation, as new MPC members prepare for a critical meeting.")
RBI Governor Shaktikanta Das has decided to keep interest rates unchanged, and this decision is influenced by rising food inflation and slow progress on reducing overall prices. The upcoming Monetary Policy Committee (MPC) meeting in October is particularly important because it comes at a time when many global central banks are lowering rates. This meeting ...
