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A new FSB report says scale, structural vulnerabilities and increasing interconnectedness with traditional finance could make crypto a threat to global financial stability.
Three Russian banks are piloting the CBDC, while the Bank of Russia is suggesting a new, harsher bill to ban cryptocurrencies in the country.
Federal Reserve Chairman Jerome Powell "retired" the word "transitory" as it relates to inflation back on Nov. 30. Just two-and-a-half months later, we're seeing a new word bandied about to describe inflation — persistent.Less than a week after the January CPI data came in even hotter than anticipated (again), we got yet another signal that persistent is a much better word for the inflation situation. Producer prices (PPI) doubled expectations, charting the biggest increase in eight months.
Fed Minutes Likely To Provide Details on Rate Hikes, Balance Sheet ReductionFeb 16, 2022 - 05:32:43 PST
The release on Wednesday of the minutes of the Federal Reserve's last policy meeting is likely to shed light on the U.S. central bank's plans to trim its massive balance sheet and hike interest rates in 2022 as well as update its shifting view of inflation. The document, due at 2 p.m. EST (1900 GMT), will provide an...
Another day, another inflationary data point that demonstrates the underlying strength of both the economy, and corporate America.
Argentina’s inflation accelerated for the second consecutive month in January as the central bank sped up the pace of its controlled currency devaluations.
Kuroda Says He Will Keep Stimulus in Place and Conduct Further Unlimited Bond PurchasesFeb 16, 2022 - 05:28:08 PST
Kuroda’s comments come as a global tide of upward pressure on yields keeps the rate on 10-year Japanese government debt close to a 0.25% ceiling set by the BOJ as part of its stimulus measures.
“We will keep our accommodative monetary policy flexible and appropriate, and increase support for key areas and weak links in the economy,” Yi said in a videotaped speech Wednesday ahead of a meeting of central bank chiefs and finance ministers from the Group of 20 nations in Jakarta.
A selloff in Southern European debt could make it harder for the European Central Bank to tighten monetary policy, giving the U.S. dollar a tailwind.
Sterling edged up versus the dollar on Wednesday after data showed inflation in Britain at a nearly 30-year high, reinforcing expectations the Bank of England will further hike interest rates. The annual rate of consumer price inflation rose to 5.5% in January, the highest since March 1992, and above expectations...
The Mortgage Bankers Association on Wednesday said its weekly measure of the average contract rate on a 30-year, fixed-rate mortgage climbed to 4.05% in the week ended Feb. 11 from 3.83% a week earlier. The Fed responded to the pandemic-induced recession by cutting its benchmark rate to near zero...
The U.S. dollar fell for a second day on Wednesday as investors became less worried about the risk of Russia invading Ukraine and awaited the release of minutes from the U.S. Federal Reserve's January meeting.
Investors are betting on the fastest pace of interest-rate hikes since 2010 across the world’s biggest developed markets, pressuring policy makers who want to slow inflation without crash landing their economies.
World stocks crept higher on Wednesday for the second day in a row and safe-haven assets such as government bonds lost ground, though market moves were checked by Western scepticism that Russia had indeed pulled back troops from Ukraine's borders. Markets are looking for any sign that one of the deepest crises...
After Barrick released its earnings today, the stock price jumped by 7.5%. Investors pushed Barrick's share price higher not on increased production or lower costs, but rather on an increased dividend and notice of a $1 billion share buy-back program. So, it seems that Barrick is now flush...
Goldman Says the Case for Commodities 'Has Rarely Been Stronger’: CNBC ProFeb 15, 2022 - 12:56:04 PST
Despite commodities' recent outperformance, Goldman Sachs believes investors should increase exposure — especially in these two areas.
Moscow’s state-owned oil giant, Rosneft, signed a US$80 billion 10-year deal to supply the China National Petroleum Corporation (CNPC) with 100 million metric tonnes of oil.
Heading toward the consumer’s wallet.
The percentage of wealth owned by the top 1% keeps rising over time. Who's to credit or blame?
Feb 15, 2022 - 12:27:57 PST
If you’re wondering why inflation is running hotter than it has in 40 years and why St. Louis Fed President James Bullard has broken with protocol and is openly criticizing the Fed on television for falling behind the curve on inflation, here’s a key part of that story.