The Central Bank of Russia has developed a framework to regulate cryptocurrencies in the domestic market. This framework will allow both retail and qualified investors to purchase cryptocurrencies, once again demonstrating how sanctions have altered Russia’s attitude towards cryptocurrencies. The Central Bank of Russia said in a statement on Tuesday that non-qualified investors can purchase […]
U.S. Treasury Secretary Scott Bessent supports reconsidering the Federal Reserve’s 2% inflation target, provided that the United States can consistently bring the rate of price increases down to that level. “Once we get back to 2 – and I think that’s just around the corner – we can discuss: Is it smarter to set a […]
Federal Reserve Governor Stephen Miler said that the US central bank needs to cut interest rates by more than one percentage point by 2026, as he believes that monetary policy is suppressing economic growth. “I think it’s very hard to say that the policy is neutral. I think the policy is clearly restrictive and is […]
According to informed sources, officials at the European Central Bank expect that, based on the latest economic growth and inflation outlook, this round of interest rate cuts is likely to have come to an end. People familiar with the matter said that unless there are other major shocks, deposit rates, which have been cut eight […]
Venezuela’s oil has long been a core element in the United States’ actions against strongman Nicolás Maduro over the years. Successive US administrations have used the country’s vital oil exports as a lever to pressure Caracas, first imposing oil sanctions in 2019 and more recently partially blocking oil tankers ahead of US air strikes and […]
President Donald Trump said he is interviewing “three to four” candidates for the chairmanship of the Federal Reserve and expects to decide soon on who will succeed Jerome Powell. “I think each of them is a good choice,” Trump said. Trump indicated that he was not sure if he would announce the pick by the […]
Despite US President Trump’s promise to end the conflict in Ukraine within 24 hours of returning to work in January, the Russian war in Ukraine continues. If Trump successfully mediates a peace agreement, the agreement must address the future of the occupied territories in Ukraine. Last November, US and Russian officials proposed a draft peace […]
Some members of the Bank of Japan’s policy board said at a meeting earlier this month that the country’s real interest rate remains low. Although the authorities raised the benchmark interest rate at the meeting, this suggests that further rate hikes may be on the horizon in the future. According to the minutes of the […]
The US labor market may be shifting from “not so good” to “terrible”. Unfortunately, due to a series of political farces by Washington politicians, we are still mired in a fog of data, so a more precise diagnosis will probably have to wait for some time. The latest data shows that the unemployment rate rose […]
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said that policymakers should continue to focus on addressing inflation, and he expects high price pressures to persist for most of next year. Bostic also disclosed that at the Fed’s policy meeting on December 9-10, he not only favored keeping interest rates unchanged but also […]