Here are the highlights of the Federal Reserve and Chairman Jerome Powell statement: The US Federal Reserve kept interest rates at 0.25% as expected. Interest
Category: News
The Bank of England kept interest rates at 0.1% as expected
Bank of England statement: It is still believed that there is excess capacity in the economy. In the first quarter of 2021, the UK economy
“Rates must rise”
USA, Yellen denies Powell: “Rates must rise”. Interest rates? Despite Powell’s assurances they must grow because the economy is overheating, the Secretary of the Treasury
ECB: “stimulus will end by March 2022”
The European Central Bank could end its program related to the pandemic emergency (PEPP) in less than a year, while modifying the application of its
ECB to buy assets at ‘significantly higher pace’ in Q2
The central bank for the 19 European countries that use the single euro currency left its key interest rates steady but said its expects to
Fed’s Powell downplays inflation fears, pledges to keep rates low
Federal Reserve Chairman Jerome Powell attempted to tamp down rising inflation concerns, and again on Tuesday pledged to keep benchmark lending rates low until jobs
Bitcoin hits new record as Tesla invests $1.5bn
Bitcoin (BTC-USD) surged roughly 8% Monday afternoon amid news that Tesla (TSLA) invested $1.5bn in the cryptocurrency, and may even start accepting it as payment
Yellen sees stimulus righting ‘stalled’ US job market in 2022
Treasury Secretary Janet Yellen said Sunday that the US job market is “stalling” and might not recover for years without the support promised by President
Mario Draghi is back… as Prime Minister of the Italian government
The heavyweight of the world economy and former president of the European Central Bank has accepted the mandate to form the new Italian government. This
Congress certifies Biden win after violent Capitol riot
Congress affirmed President-elect Joe Biden’s 2020 election victory after a pro-Trump mob stormed the Capitol and delayed the proceedings. The Capitol is once again secured, but