Report: Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank
Egyptian lawmakers not too long ago hailed the parliament’s endorsement of a pact that enables the nation to affix the New Development Bank, a report...
Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions
2022 was a tricky 12 months for crypto belongings, and because the world welcomes 2023, the macroeconomic backdrop stays unsure. Macroeconomic occasions will proceed to...
‘Oil Prices North of $200’ per Barrel — Investor Expects Oil to ‘Crush’ Every Investment in 2023
Amid the dreary international financial system, numerous market strategists and analysts imagine oil would be the primary funding in 2023. While a barrel of oil...
As the Fed Turns 109 Years Old, the US Dollar’s Purchasing Power Eroded by More Than 96% Since It Was Created
109 years in the past, the U.S. Federal Reserve was created and ever since that day, the buying energy of the U.S. greenback has dropped...
Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion
A lately revealed forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting information signifies upcoming U.S. client value index (CPI) metrics will doubtless...
UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases
The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s rate of interest hikes and the slew of different...
‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations because the Banks’ Credit Default Insurance Nears 2008 Levels
It’s been greater than a decade for the reason that monetary disaster in 2007-2008 when Lehman Brothers, the fourth largest funding financial institution within the...
Germany’s Inflation Hits Double Digits for the First Time Since WWII, Parliament Reveals $195B Subsidies Package to ‘Make Prices Drop’
Following the Covid-19 pandemic, the large quantity of stimulus, and amid the Ukraine-Russia battle, Germany’s inflation has soared. Official information from Germany’s shopper worth index...
British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike
The world’s oldest fiat foreign money, the British pound sterling, slid to an all-time low towards the U.S. greenback at a bit after 1 a.m....
As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’
Two days in the past, U.S. president Joe Biden was criticized for claiming inflation in America hasn’t elevated in the course of the previous few...