Many investment companies like Fidelity Investments, BlackRock, and JPMorgan are making strong forays into the world of crypto. Fidelity is the latest of the bunch to get into crypto, but they announced that the company will be offering crypto as assets to 3 million of their retail traders and included a couple of crypto offerings … Read more
Recently, the IMF and other global financial organizations have been talking with enthusiasm about CBDC or Central Bank Digital Currencies that could be used in conjunction with fiat money to provide more flexibility to national monetary systems. Some countries are more interested in this prospect than others. One of the most innovative countries in this … Read more
The lack of regulation and proper audit makes many crypto projects look quite bad when it comes to interacting with other businesses. However, it seems apparent that there is more to not having a proper accounting oversight than just not meeting industry standards in terms of financial operations. We had a couple of really bad … Read more
On Tuesday, officials of the US Federal Reserve reiterated their support for additional interest rate hikes for curbing inflation. The President of the New York Fed said that the central bank would have to push up its policy rate to 3.5% and keep it there till the end of next year. Rate hike path John … Read more
On Friday, the first deputy managing director of the International Monetary Fund (IMF), Gita Gopinath told global policymakers that the tradeoffs they are facing are going to get worse in the coming years. Central banks’ approach Global central bankers are currently faced with tradeoffs between growth, inflation, and jobs. According to Gopinath, there is a … Read more
One of the board members of the Bank of Japan said that it should continue with its dovish policy guidance and maintain the huge monetary stimulus until there are clearer indications of a rise in wages. This reinforced the status of the central bank of Japan as the outlier in a wave of monetary tightening … Read more
Results of a poll indicate that the recent recovery in European stocks is set to stall and not go past the levels seen at the end of last year for more than a year at least. This is mostly because of fears of a gas supply crisis in the continent, soaring inflation, and a slowdown … Read more
On Monday, the former top economist for the Bank of Japan, Seisaku Kameda said that it was likely that the Japanese central bank would slash its economic forecasts in October at its next quarterly review. This was because global demand was slowing down and COVID-19 infections had also resurged, which would hurt both consumption and … Read more
According to the latest poll of economists, the US Federal Reserve will increase its interest rates by 50 basis points in September amid growing worries of recession and expectations that inflation has hit its peak. Inflation’s impact Even though it is still close to a high of four decades, inflation did ease a bit in … Read more
The core consumer inflation in Japan accelerated in July to its fastest in almost seven and a half years, primarily because of the prices of raw materials and fuel. These only added to the households’ cost of living, even though there have not been any significant wage gains recorded. Price pressure rises There was yet … Read more