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The latest survey by foreign media shows that economists expect higher inflation and GDP growth in the United States. Click to view...
According to a CNBC survey, 18 of 19 economists expect the Bank of Japan to raise the base rate by 25 basis points this week to 0.5 percent, the highest level since 2008. Economists say public comments by Kazuo Ueda, governor of the Bank of Japan, and remarks by Ryozo Himi, deputy governor of the Bank of Japan, to business leaders last week suggest that the Bank of Japan intends to raise interest rates. (Kim Ten)
"Following the stronger-than-expected jobs report, we revised our outlook for the Fed: we no longer expect any further rate cuts, inflation is above target, risks are skewed to the upside, economic activity is strong and the labor market appears to have stabilized," Bank of America economist Stephen Juneau said in a note on Monday. As recently as September last year, Fed officials hinted that they could cut interest rates by one percentage point this year. They halved that expectation at their D...
Eric Winograd, senior economist at Alliance Bernstein, wrote that the Fed needs to make progress on inflation and "some softness" in the labor market before it can cut rates again, which could take several months. A rate hike is unlikely as there is no sign of inflation picking up again. Winograd said the three-month moving average increase in payrolls was unchanged from November, in addition to the strong headline data. The unemployment rate edged down to 4.1 percent from 4.2 percent, and "has ...
Scotiabank economist Derek Holt argues that US President-elect Donald Trump's demand that allies spend 5% of their GDP on defense this month will make the Western Hemisphere less secure, less reliable and more vulnerable. Canada currently spends about 1.25%, or C $40 billion per year. Holt calculates that raising this to 2% of NATO commitments would be equivalent to C $60 billion per year if implemented immediately, even though Canada has committed to 2...
The Federal Reserve could cut interest rates more than market expectations in 2025 as inflation falls and unemployment rises, economists at Paidenreiger Asset Management said in a note on the economic outlook. They said the Fed's preferred measure of core inflation could fall below 2 per cent sometime in 2025, while the US unemployment rate could reach 4.4 per cent or higher by the end of 2025. They also said the Fed could "easily" cut rates by more than the 20 per cent that US money markets cur...
Economist and gold advocate Peter Schiff wrote on the X platform that Trump has recently expressed interest in buying Greenland, and has also hinted at the possible repossession of the Panama Canal. These may be Trump's negotiating tactics to buy it back at a good price, but if these ideas sound crazy, they are far less crazy than the United States buying bitcoin.
Shane Oliver, chief economist at AMP Financial Services in Australia, said the Reserve Bank of Australia was on track to start cutting interest rates in February. He said money markets were pointing to a 69 per cent chance of a rate cut in February. Oliver said the Reserve Bank of Australia should start cutting rates by May at the latest, with at least three cuts expected in 2025. "It is important to note that while Trump's policies could raise US inflation and interest rates, they have ambiguou...
Economist and gold advocate Peter Schiff has once again made clear his opposition to strategic bitcoin reserves and has proposed alternatives that the United States could adopt. Schiff wrote on X that the United States could save a lot of money by creating "USA Coin" instead of a strategic bitcoin reserve. Like bitcoin, the supply of U.S. coins is capped at 21 million. He...
On December 20th, it was exclusively learned from the industry that the Securities Association of China recently issued a notice in the industry to further strengthen the self-discipline management of chief economists of industry institutions from six dimensions: main management responsibilities, employment norms, pre-audit of external voices, and reputation risk management. The China Securities Association requires that if the chief economist causes reputational risk incidents or has serious ad...
Brian Jacobsen, chief economist at Annex Wealth Management, said: "There are no surprises in the CPI report, everything is in line with expectations. The cost of housing remains a major driver of inflation. With the jobs report and the inflation report, there is nothing to stop the Fed from cutting rates by 25 basis points next week. What will be exciting will be the summary of the Fed's economic forecasts. There could be four rate cuts in 2025 and inflation will eventually fall to target."
According to a survey of economists by foreign media, 90% of respondents believe that the Federal Reserve will cut interest rates by 25 basis points on December 18, and most expect the Fed to pause interest rate cuts in late January next year due to concerns about rising inflation risks. But the vast majority of economists (58 out of 99) predict that the Federal Reserve, which has cut interest rates by 75 basis points since September, will keep rates unchanged at its meeting on January 28-29 nex...
Peter Schiff, an economist and gold advocate, wrote on the X platform that one good thing Biden could do before he leaves office is to sell all the bitcoin currently held by the US government, raising funds that would not only reduce the budget deficit in 2024, but also end all the nonsense about "strategic bitcoin reserves," adding that "Biden could sell everything before Trump takes office so Trump doesn't have to renege on his campaign promises."
On December 9, according to Bitcoin.com, economist Mohammad Sadegh Alhosseini said that the value of cryptocurrencies held in Iran is between 30 billion and 50 billion dollars, accounting for about one-third of the country's gold market. The daily cryptocurrency trading volume in Iran is about 143 million dollars (100 trillion riyals). The Central Bank of Iran (CBI) and the Ministry of Finance are working on measures to increase the transparency of the cryptocurrency market, which has been used ...
Kim Jin-wook and Choi Joo, economists at Citigroup, said that heightened long-term political uncertainty over the impeachment of President Yoon Seok-yeol of South Korea could weaken overall economic confidence and discretionary spending. They said the Bank of Korea was more likely to cut interest rates in January if the legislature failed to pass the 2025 national budget in December, adding that political developments could prompt more capital outflows and pose upside risks to the dollar against...
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