News list for " economic development"

Federal Reserve's Bostic: Confidence in the 2025 economic outlook has weakened

The Federal Reserve's Bostic said confidence in the economic outlook for 2025 has decreased. It is difficult to take into account all potential policy changes in the economic outlook; inflation progress is not expected to show a straight line. The Federal Reserve did not cut interest rates significantly last year, and policy remains binding; satisfied with pausing interest rate cuts to observe economic development. The Federal Reserve is approaching the threshold level of its balance sheet, and ...

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2025-02-20 05:09:06
A virtual currency investor in Changzhou was sentenced to 11 years in prison for raising capital to defraud huge sums of money

According to the official account of the Changzhou Economic Development District Procuratorate, an employee of a company in Changzhou was addicted to speculating in virtual currencies after being exposed to a kind of virtual currency called KK coin. In order to raise capital, he fabricated reasons to defraud more than 1.97 million yuan from 16 colleagues, which was used for virtual currency trading on online gambling platforms. The Changzhou Economic Development District Procuratorate filed a pu...

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2024-10-24 15:14:00