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The Fed's Risky Experiment to Control Inflation
"Should the economy remain overheated and inflation remain stubborn, that is part of the policy matrix," Joseph Brusuelas, chief economist for RSM US, told CNN Business.He thinks that Fed Chair Jerome Powell should make clear that, if necessary, the Fed could offload bonds at a quicker pace and start selling mortgage-backed securities, which could...
Hinrichsen Yilmaz · 27 September 2022 · 7FOREX-Dollar Hits 20-year High as Fed Flags Higher Rates for Longer
By Rae WeeSINGAPORE, Aug 29 (Reuters) - The U.S dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down soaring inflation.The dollar index scaled to a fresh two-decade peak of 109.44 in the Asia trade, with greenback str...
Wall Yilmaz · 27 September 2022 · 11Putin Signs Law Prohibiting Crypto Payments in Russia
People in Russia will soon no longer be allowed to use digital assets as a form of payment. Russian president Vladimir Putin has signed a bill into law prohibiting the use of digital assets, such as cryptocurrency and NFTs, to pay for goods and services. In addition, as Protocol notes, the new law also requires crypto exchanges and providers to ref...
Andresen Jantzen · 18 September 2022 · 8Afghans Turn to Cryptocurrencies Amid uS Sanctions
Afghans turn to cryptocurrencies amid US sanctionsBy Anamaria SilicBBCPublished16 MarchcloseShare pageCopy linkAbout sharingUS sanctions, failing banks, and the drying up of foreign aid and cash transfers since the Taliban takeover have left Afghanistan's economy in tatters. Crypto is coming to the rescue.Following the Taliban takeover in August la...
Navarro Serrano · 14 September 2022 · 24Heng Swee Keat: Stay Away from Crypto!
Heng Swee Keat - the deputy prime minister of Singapore - is telling all retail investors to steer clear of cryptocurrencies, warning that putting one’s life savings or tons of money into the arena could lead to serious financial problems.Heng Swee Keat Issues Crypto WarningHe mentioned during a recent conference:Retail investors especially should...
Hougaard Hamann · 14 September 2022 · 10