Federal Reserve Governor Stephen Miler said that the US central bank needs to cut interest rates by more than one percentage point by 2026, as he believes that monetary policy is suppressing economic growth. “I think it’s very hard to say that the policy is neutral. I think the policy is clearly restrictive and is […]
According to informed sources, officials at the European Central Bank expect that, based on the latest economic growth and inflation outlook, this round of interest rate cuts is likely to have come to an end. People familiar with the matter said that unless there are other major shocks, deposit rates, which have been cut eight […]
Venezuela’s oil has long been a core element in the United States’ actions against strongman Nicolás Maduro over the years. Successive US administrations have used the country’s vital oil exports as a lever to pressure Caracas, first imposing oil sanctions in 2019 and more recently partially blocking oil tankers ahead of US air strikes and […]
President Donald Trump said he is interviewing “three to four” candidates for the chairmanship of the Federal Reserve and expects to decide soon on who will succeed Jerome Powell. “I think each of them is a good choice,” Trump said. Trump indicated that he was not sure if he would announce the pick by the […]
Despite US President Trump’s promise to end the conflict in Ukraine within 24 hours of returning to work in January, the Russian war in Ukraine continues. If Trump successfully mediates a peace agreement, the agreement must address the future of the occupied territories in Ukraine. Last November, US and Russian officials proposed a draft peace […]
Some members of the Bank of Japan’s policy board said at a meeting earlier this month that the country’s real interest rate remains low. Although the authorities raised the benchmark interest rate at the meeting, this suggests that further rate hikes may be on the horizon in the future. According to the minutes of the […]
The US labor market may be shifting from “not so good” to “terrible”. Unfortunately, due to a series of political farces by Washington politicians, we are still mired in a fog of data, so a more precise diagnosis will probably have to wait for some time. The latest data shows that the unemployment rate rose […]
On Monday, US President Donald Trump restated his desire for the United States to control Greenland, after announcing plans to appoint Louisiana Governor Jeff Landry as the island’s special envoy. “We need it to ensure national security,” Trump told reporters at his Mar-a-Lago estate in Florida on Monday. “We must have it. And he wants […]
Goldman Sachs plans to expand its acquisitions and investments in Japan’s booming corporate transaction market by approximately 800 billion yen ($5.1 billion) over the next decade, with a focus on mid-sized enterprises. Yoshiro Ito, managing director of the growth equity and private equity team at the Japanese branch of a Wall Street investment bank, said […]
After long-awaited government data showed that the US underlying inflation rate in November dropped to its lowest point in four years, economists at least agreed on one thing: Something is wrong. A report shows that several long-standing high-inflation categories seem to have almost vanished due to the record-breaking government shutdown. The most significant one is […]