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Categorie: Economics

Economics / General

Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down

Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down   Cleveland Federal Reserve Bank president Loretta Mester doesn?t think a recession will take place …

Economics / General

Russian Finance Ministry Rules Out Sale of Oil for Bitcoin

Russian Finance Ministry Rules Out Sale of Oil for Bitcoin   The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country?s …

Economics / General

US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994

US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994   Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech …

Economics / General

Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’

Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’   The incoming governor of the Czech National Bank (CNB), Ale? Michl, has …

Economics / General

Recession or Prolonged Inflation: The Fed Must Decide Between Two Policy Mistakes, Says Economist

Recession or Prolonged Inflation: The Fed Must Decide Between Two Policy Mistakes, Says Economist   Allianz Chief Economic Advisor Mohamed El-Erian says the Federal Reserve will have to ?decide between …

Economics / General

‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble

‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble   Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a …

Economics / General

Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’

Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’   Billionaire hedge fund manager and founder of Pershing Square Capital …

Economics / General

Survey Shows 87% of Americans Are Stressed About Inflation and Rising Costs of Everyday Goods

Survey Shows 87% of Americans Are Stressed About Inflation and Rising Costs of Everyday Goods   As the consumer price index (CPI), a measure of prices for goods and services, …

Economics / General

Turkey’s Inflation Rate Surges to 70%, Monthly Rate of Change Now 7.25%

Turkey’s Inflation Rate Surges to 70%, Monthly Rate of Change Now 7.25%   The latest data from the Turkish Statistical Institute (TSI) shows that rising transportation and food costs were …

Economics / General

Fed?s Bostic Cautious About Rate Hikes as President Biden Blames Higher Prices on Covid-19 and Putin

Fed?s Bostic Cautious About Rate Hikes as President Biden Blames Higher Prices on Covid-19 and Putin   As inflation continues to wreak havoc on the lives of ordinary American citizens, …

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