#economy
Latest cryptocurrency news and articles about economy. Stay updated with developments, analysis, and insights.
U.S. collected $30 billion in tariffs in August and $165 billion so far this year
Revenue from President Donald Trump’s tariffs jumped in August. However, a recent court setback for the White House has raised the prospect that some of the money may have to be paid back. Treasury De...
The Most Likely Candidate to Become Fed Chair Has Changed – He Spoke About Bitcoin Three Days Ago
Rick Rieder, a senior executive at BlackRock Inc., has emerged as a likely candidate to take over the position after Fed Chair Jerome Powell's term expires in May. Treasury Secretary Scott Bessent hel...
Russia’s economy slows sharply as deficit widens and costs mount
Russia’s central bank cut its benchmark interest rate by one percentage point to 17% on Friday, seeking to support the economy as growth slows and war costs widen the deficit. The step reverses part o...
JPMorgan Analysts Reveal Their Forecast for Next Week’s FED Interest Rate Decision – What Will Powell Say?
JPMorgan Chase US chief economist Michael Feroli said he expects the Fed to cut interest rates by 25 basis points next week. Feroli noted that some members wanted a larger rate cut, but none favored l...
Bitcoin Surges Past $115,300 as U.S. Economic Data Influences Market
The U.S. economy significantly affects Bitcoin's value for crypto enthusiasts. Continue Reading: Bitcoin Surges Past $115,300 as U.S. Economic Data Influences Market The post Bitcoin Surges Past $115,...
China advances dollar challenge campaign with tighter grip on cross-border yuan deals
China’s central bank introduced new rules to oversee cross-border yuan deals between banks and boost the yuan’s use abroad, aiming to steady money flows and support offshore markets. In a notice outli...
Economists widely predict 25 bps Fed rate cut next week
The Federal Reserve is expected to cut interest rates in its September 16-17 FOMC meeting. A Reuters poll showed 105 of 107 economists predict a 25-basis-point reduction on September 17, which, if pas...
The Fed's Critical Interest Rate Decision Is Just Around the Corner! 107 Top Economists Reveal Their Predictions for How Much the Fed Will Cut Interest Rates! H...
The FED has been pausing the interest rate cuts it started with 50 basis points in September of last year, since January 2025. The Fed, which left interest rates unchanged until 2025, citing tariff te...
Fed Prepares for Possible Interest Rate Cuts in September Meeting
The Federal Reserve is expected to cut interest rates by 25 basis points. Market predictions factor in three rate cuts in the coming year. Continue Reading: Fed Prepares for Possible Interest Rate Cut...
Russia’s central bank eyes more aggressive easing as slowdown accelerates
The Bank of Russia will likely cut interest rates by 200 basis points on Friday as the economy continues to lose speed, with output and corporate earnings both trailing expectations. According to Bloo...
Markets trade mixed as stocks, dollar, Bitcoin, and gold react to rate cut
Traders across the world hit pause Thursday night after a wild rally earlier in the day sent stocks and metals flying. Everyone from New York to Tokyo is now eyeing next week’s rate decision, betting ...
Mexico hits Asian cars with 50% tariff; China vows retaliation
China has officially warned that it will retaliate after Mexico announced a plan to increase tariffs on Asia-manufactured cars, especially those made in China, to 50%, up from the current 20%. The war...