News list for " saving"
According to the Washington Post, Trump has been considering how to save the TikTok, discussing it through unconventional deals and legal means. According to two people familiar with the matter, Trump is considering issuing an executive order after taking office to suspend the implementation of TikTok "sell it or ban it" bill for 60 to 90 days. Trump in TikT...
Wells Fargo expects the Federal Reserve to implement two 25 basis point rate cuts this year, in September and December, after forecasting three rate cuts.
Sberbank, TBank, and Tochka Bank have become participants in a pilot program for transactions using the digital ruble, after a total of 12 Financial Institution Groups participated in the pilot: Alfa-Bank, DOM. RF Bank, Ingosstrakh Bank, VTB, Gazprombank, Ak Bars Bank, MTS Bank, Promsvyazbank, Sovcombank, Sinara Bank, TKB Bank, and Agricultural Bank of China, who have signed an agreement with the Russian Central Bank and are configuring systems to participate in the project. It is reported that ...
Bitcoin savings app developer BitDCA announced the completion of a $2 million Pre-Seed round of financing. The information of the investors has not been disclosed. The new funds are intended to support the construction of its bitcoin savings app called "Littlebit".
U.S. job growth surged in November after being severely disrupted by hurricanes and strikes, but that may not signal a material shift in job market conditions. The employment situation is expected to continue to slow steadily and allow the Federal Reserve to cut interest rates again this month. The Labor Department's non-farm payrolls report released on Friday showed that the number of non-farm payrolls increased by 227,000 in November, and the data in October was revised up to 36,000. The unemp...
On November 8th, Minister of Finance Lan Foan said that the replacement, which has been intensively arranged for 8.40 trillion yuan in the past three years, has significantly reduced the scale of hidden debt that local governments need to digest in recent years, allowing local governments to unload their burdens and go light. At the same time, since the interest rate of statutory debt is much lower than the interest rate of hidden debt, the replacement will greatly save local interest expenses. ...
JPMorgan Chase changed its 2025 Federal Reserve rate forecast to a quarterly rate cut starting in March.
JPMorgan Chase changed its 2025 Federal Reserve rate forecast to a quarterly rate cut starting in March.
October non-farm data broke out! Next week's US election, superimposed on the Federal Reserve's interest rate decision, can policymakers eliminate noise and stabilize the pace of interest rate cuts? Stay tuned, the most important agenda in the whole market is not to be missed!
On November 1st, strikes and hurricanes affected this month's non-farm payrolls data, with job growth unexpectedly falling and the unemployment rate unchanged. While the Federal Reserve may attribute today's weak data in part to one-off factors, the weakness in today's data suggests that the Fed will continue its easing cycle at next week's meeting. The data is worrying, and the likelihood of a 25 basis point rate cut in November has increased.
At a World Savings Day event on Oct. 31, Italy's economy and finance minister, Giancarlo Giorgetti, pushed back against criticism of plans to raise capital gains taxes on cryptocurrencies such as bitcoin to 42 percent. Giorgetti said digital assets were "extremely risky" and that a 42 percent tax on crypto capital gains was necessary. Previously, the Italian Council of Ministers approved a budget bill to increase the capital gains tax on bitcoin from 26% to 42%. The proposed tax increase still n...
Traders in Fed interest rate futures contracts upped their bets on further Fed rate cuts on Tuesday after a government report showed fewer job openings last month in a possible sign of a further cooling in the job market. Interest rate futures contracts showed growing confidence in the Fed cutting rates by 25 basis points at each of its next two meetings and further cuts next year, with traders lowering their bets on a November pause to about 2 per cent.
The Financial Times team recently updated its forecast for the Federal Reserve's interest rate outlook, predicting that if Harris wins the election, the Federal Reserve may quickly cut interest rates next year. The analysis said that after cutting interest rates by 50 basis points in September, the Federal Reserve may cut interest rates by 25 basis points in 2024. The Fed will cut interest rates by a total of 100 basis points by the end of this year, reducing the funds rate to 4.25-4%. This is i...
Since the Federal Reserve cut interest rates by 50 basis points last month, bitcoin price has risen by 14%, outpacing Ethereum's 12% gain. According to Kaiko Research report, institutional demand for Ethereum remains sluggish, with the ETH/BTC ratio falling to its lowest point since April 2021. The analysis pointed out that bitcoin's first-mover advantage has attracted more institutional investors, especially CME Bitcoin futures trading volume record.
Fed Schmid said interest rates are likely to be significantly higher than they were before the COVID-19 pandemic; called for a prudent, gradual and prudent rate-cutting strategy; individuals prefer to avoid sharp rate cuts; "reasonably believe" that inflation will fall to 2 percent; and see the labor market normalizing, not worsening.
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