Eurozone banks need a digital euro in response to U.S. President Donald Trump's efforts to promote a stablecoin, a cryptocurrency usually pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday. That would help lure more customers away from banks and strengthen the case for the ECB to launch its own digital currency.
January 22nd news, data show that in the first two weeks of January, the interbank certificate of deposit issued 163.83 billion yuan and 448.96 billion yuan, respectively, to achieve net financing of 119.29 billion yuan and 65.17 billion yuan; last week, the scale of interbank certificate of deposit issuance reached 495 billion yuan, and the net financing amount also reached 163.88 billion yuan, a significant increase over the same period in previous years. It is worth noting that there is "no s...
Bank of America has revised its forecast for the Bank of Japan to raise interest rates in January, or this week, from March. The bank now expects the BoJ to raise interest rates by 25 basis points to 0.50 per cent at its policy meeting this Friday. A rate rise in March had previously been BofA's preferred forecast because it gave the BoJ more time to assess the policies of the new US administration. However, strong price data and the possibility that the BoJ board will need to revise its inflati...
Ipek Ozkardeskaya, an analyst at Swissquote, said in a note that the euro was struggling against the dollar as eurozone government bond yields retreated from recent highs and ahead of Mr. Trump's inauguration on Monday. Mr. Trump is expected to announce a series of growth-boosting policies that could lead to inflation and potentially boost the dollar. At the same time, falling bond yields, the prospect of further interest rate cuts by the European Central Bank, and concerns about high debt level...
Wall Street banks have begun to raise the possibility that the Federal Reserve may raise interest rates this year! Will CPI add another fire? Gold bulls may need to "temporarily avoid sharpness" now, and US stocks may have entered a "lose-lose situation"...
Wells Fargo said it is increasingly unlikely that the Federal Reserve will cut interest rates in March.
1. Wells Fargo: The Fed is increasingly unlikely to cut rates in March. 2. Citibank: The Fed is expected to make its next rate cut in May, after previously expecting it to do so in January. 3. JP Morgan: Given the latest non-farm payrolls data (strong), the Fed is expected to make its next rate cut in June, compared to the previous forecast of March. 4. Bank of America: The rate-cutting cycle may be over; the underlying assumption is that the Fed will keep rates on hold for an extended period of...
Bank of America economists said that the Fed's suspension of interest rate cuts in January is clearly a basic scenario. If the labor market stops gradually cooling, the rate-cutting cycle may end. (Jin Ten)
Bank of America predicted that the Trump administration's aggressive tariffs could force the Fed into wait-and-see mode because of concerns about inflation. Aditya Bhave, the bank's US economist, said in a note to clients on Wednesday that "there are increasing signs of an upward trend in inflation" and that, given the timing of the change of administration, the Fed may have completed its last rate cut of the cycle. "What...
The price of spot gold and silver has been climbing due to a combination of factors such as the central bank's gold buying wave, the Federal Reserve's interest rate cut and the regional situation. Gold closed up 27% in 2024, the largest annual gain since 2010. During this period, it continued to set record highs, and once approached the $2,800 mark in October. Silver closed up 21%, hitting a more than 10-year high of $34.86 and now hovering around $28.9 an ounce. Gold outperformed silver as a wh...
Bank of America analysts said in the report that more money will flow into euro investment-grade bonds in 2024 than into government bonds and equities. BofA said the trend is underpinned by increased demand for higher yields as interest rate cuts lead to lower government bond yields. "With interest rates falling further in 2025, we believe that inflows into investment-grade bonds will continue to increase and will also outpace inflows into other'risk-free 'assets."
On December 24th, according to CNBC, a person familiar with the matter said that several large banks are planning to sue the Federal Reserve over the annual bank stress testing. The person said that the lawsuit is expected to be filed this week, possibly as early as Tuesday morning local time. The Fed's stress testing is an annual routine that requires banks to reserve sufficient buffers for non-performing loans and stipulates the size of stock repurchases and dividends. After the market closed ...
Phillip Bankss, the creator of the Chillguy image, wrote that his X account had been hacked and that although control had been taken back, the hackers may have set up some scheduled tweets or the account was still not fully secure. He called on the community to notify him when unusual content was found.