central bank

After a steady May jobs report that was released Friday, economists are at a crossroads about their view on the monetary policy. While some believe that the Federal Reserve should hold onto its “wait and see” stance, others affirm that the central bank can start cutting interest rates....

Despite mounting pressure and calls for lower interest rates, the Federal Reserve held rates steady at 4.25%-4.5% on Wednesday. This analyst anticipates that the Fed would be among the last central banks to cut interest rates, while still expecting four cuts this year. What Happened: The Chairman...

Jim Cramer took a jibe at President Donald Trump in premarket on Tuesday as the stock futures rose amid the President’s criticism of Federal Reserve Chairman Jerome Powell for not cutting interest rates. What Happened: Cramer, in an X post, highlighted that investors “would actually buy...

President Donald Trump is set to nominate Federal Reserve Governor Michelle Bowman as the central bank's vice chair for supervision, according to a source familiar with the decision, Bloomberg reports. The nomination could be announced as early as today, marking a significant shift in the Fed's...

The U.S. Federal Reserve is ramping up its oversight of banks' activities in the digital asset space, signaling a broader effort by American regulators to limit the banking industry's interactions with cryptocurrencies. The central bank revealed the launch of a program dedicated to...

Bitcoin (CRYPTO: BTC) advocates have dreamed for years of a world where Bitcoin becomes the world’s reserve currency. It’s easy to see why— if Bitcoin had as big a share of global currency markets as the US dollar, it would mean a Bitcoin price of over $2 million USD. ...

The Nigerian Securities and Exchange Commission (SEC) is currently reviewing applications for digital exchanges on a trial basis, in an effort to expand market participation in Africa's most populous country, where the central bank has imposed restrictions on cryptocurrency trading. Bloomberg...

Global bonds and equities are rising in anticipation that the Federal Reserve will reconsider the aggressive tightening of monetary policy that some fear may contribute to the start of a global recession, but history says the Fed may do otherwise. A dovish pivot by the Fed has long been...

While only a minority of central banks currently have specific sustainability responsibilities, a majority are performing greater climate risk management roles, particularly as it relates to mitigating climate risks that challenge the stability of the financial system. The reason is that neither...

Like many of its regional peers, Chile’s economy has been hard hit by the coronavirus. But unlike other Latin American countries that have slashed interest rates to record lows, Chile’s central bank has gone one step further to become the first to put short-term interest rates close to...

The Group of Seven Nations (G7) are preparing a statement on how they will respond to the economic impact of the ongoing coronavirus epidemic. What Happened The G7 is an international economic organization comprising seven nations: Canada, Germany, France, Italy, Japan, the United Kingdom, and...

Looks like we could be in for a busy week ahead! With a light schedule in terms of economic data, focus primarily will be on companies set to report quarterly results as well as central bank policy decisions. The Bank of Japan has already set the stage overnight, announcing its decision to leave...

As central banks around the world prepare for meetings later this week, it wouldn’t be too surprising if the markets act a bit like old soda the next couple days. In a word, flat. That’s how they’re looking early Monday, with European and Asian markets hardly moving and U.S....

Fed Funds rate expected to rise 0.25% to 2.5% upper target. Futures implied rate increase probability of 70.6%. The focus will be on the economic and policy projections which are expected to moderate and Chairman Powell's press conference. FOMC The Federal Open Market Committee (FOMC) is...