The Fed wants to see "further progress on inflation" before deciding to cut interest rates again, according to meeting notes. Citing rising inflationary pressures, the Fed stabilised interest rates at a range of 4.25-4.5 per cent at its last meeting, and markets do not expect a rate cut at the March meeting. According to meeting notes, the committee agreed that "the Fed has sufficient time...
US President Donald Trump has said he has decided to impose reciprocal tariffs and will consider taking action against countries that use VAT tax systems. Shipping goods through other countries to avoid tariffs will not be accepted. Trump said US Commerce Secretary Lutnik will develop reciprocal tariff plans. Trump expects some countries to reduce or end tariffs.
WazirX creditors will decide in the coming weeks whether to start receiving compensation for the cryptocurrency as early as April 2025 or face a long recovery process that could be extended to 2030. The vote follows a Singapore High Court ruling that allowed the troubled Indian exchange to pursue a restructuring plan rather than face liquidation, depending on whether three-quarters of its creditors approve a recovery plan.
The Federal Reserve's January FOMC meeting decided to stay put and maintain the base rate unchanged at 4.25% -4.5%, in line with market expectations. Can interest rates be cut in the future? China International Capital Corporation Research Report believes that there is no need to think that the Federal Reserve cannot cut interest rates in the future. From the perspective of the reflexive effect of interest rates, the less expected interest rate cuts at present will help to cut interest rates, ju...
President Trump: Oil prices were a factor in the tariff decision.
Danske Bank said that the ECB's policy decision has basically been guided, that is, to cut interest rates by another 25 basis points, bringing the policy rate to 2.75%. This is the consensus expectation of analysts and the market. Given the recent uncertainty prevailing in the Trump administration and the continued resilience of the domestic economy, we do not expect new signals on the ECB's policy rate outlook. Therefore, we expect the three-tier response function (...
Federal Reserve Chairperson Jerome Powell told a news conference after the Fed's decision to keep interest rates on hold that he had so far not been in contact with President Donald Trump and declined to comment on Trump's remarks last week that he would ask the Fed to lower interest rates. "I will not make any response or comment on what the president has said and I have not contacted him," he said.
Canada's central bank interest rate decision was 3% until January 29, with expectations of 3.00% and a previous value of 3.25%.
The Fed's interest rate decision will be announced in Washington at 3:00 Beijing time on Thursday, and Federal Reserve Chairperson Jerome Powell will hold a post-meeting press conference 30 minutes later. The Fed has cut interest rates at three consecutive meetings since last September, cutting the base rate by a full percentage point, and the current target range is 4.25% to 4.5%. Several policymakers said he...
European Union High Representative for Foreign Affairs and Security Policy Karas: It is expected that the European Union will decide to extend sanctions against Russia.
On January 24th, the Bank of Japan made an interest rate decision by 8 votes to 1, and the Bank of Japan's deliberator, Toyoaki Nakamura, disagreed with the decision to raise interest rates.
South Korean crypto exchanges Upbit and Bithumb have decided to compensate investors in the amount of about 3.50 billion won ($2.40 million) for losses caused by the network outage on December 3, the day South Korea declared martial law. Upbit will pay 3.10 billion won (approx. $2.20 million) for 596 incidents of system failure, while Bithumb will pay 377.50 million won (approx. $264,000) for 124 incidents. No other exchanges have related cases. This incident is the most affected user in the his...
The report, which coincides with April Fool's Day, may determine changes in tariff policy... Click to view
According to CNN, US President-elect Trump said that the decision of the TikTok will be made by him, but did not disclose what decision he will make.