Economist Wang Fuzhong wrote: Trump's interest in cryptocurrencies seems to be quite large, not only the family is ugly to issue coins, but also recently expressed the hope that the United States will become the capital of the cryptocurrency world. However, Trump's concern is not a good thing. Trump is very controlling and unwilling to abide by any rules. Acting entirely on his own interests and preferences. If he follows some people's clamor and adds bitcoin to the strategic currency reserve, i...
Economist Michael Pento has put forward an intriguing theory: the 261 million ounces of official gold reserves reported by the US Treasury may not exist. Click to view...
The latest Reuters poll reported that 59% of the 39 economists surveyed predict that the Bank of Japan will raise interest rates in July, and 13% think it may raise interest rates earlier in May. More than 65% of economists said that the Bank of Japan will raise its key rate to 0.75% in the third quarter. 61 economists agreed that the Bank of Japan will leave its current key rate unchanged at 0.50% on March 19. According to the median forecast, the Bank of Japan's interest rate is expected to re...
Many economists are uneasy about Trump's imposition of tariffs at a time when price pressures persist. The former vice chairperson of the Federal Reserve has warned that his policies could trigger a "stagflationary shock"... click to view...
According to a Reuters poll, 57 out of 99 economists think the Fed will cut interest rates one or two more times this year (56 out of 102 in the January survey). 67 out of 101 economists surveyed think the Fed will cut rates at least once by the end of June (nearly 60 percent in the January survey expected a rate cut by the end of March). Twenty-seven out of 46 economists said inflation risks from tariffs have risen recently, 17 said no change and 2 said a drop. (Jin Ten)
Morgan Stanley economists said they no longer expect the Federal Reserve to cut interest rates in March, and now expect a rate cut in June this year. The Trump administration is imposing tariffs faster than we expected, which could mean that the pullback in inflation will stall at higher levels, blocking the possibility of any near-term rate cuts. (Jin Ten)
Economists say the Federal Reserve could pause interest rate cuts for the foreseeable future if the U.S. ultimately imposes and maintains new tariffs. Click to view...
Most economists surveyed expect the Bank of Japan's next rate hike to be in July, but 45% also said the BoJ could act as early as April. Click to view...
Economists believe that neither of Powell's two interest rate cut conditions will be met. Click to view...
According to a CNBC survey, 18 of 19 economists expect the Bank of Japan to raise the base rate by 25 basis points this week to 0.5 percent, the highest level since 2008. Economists say public comments by Kazuo Ueda, governor of the Bank of Japan, and remarks by Ryozo Himi, deputy governor of the Bank of Japan, to business leaders last week suggest that the Bank of Japan intends to raise interest rates. (Kim Ten)
A Reuters poll showed 25 economists said the Bank of Korea would cut the base rate by 25 basis points to 2.75 percent on Feb. 25.
The Securities Exchange Commission announced that Jessica A. Wachter, chief economist and director of the Division of Economic and Risk Analysis (DERA), will step down on January 17.
Eric Winograd, senior economist at Alliance Bernstein, wrote that the Fed needs to make progress on inflation and "some softness" in the labor market before it can cut rates again, which could take several months. A rate hike is unlikely as there is no sign of inflation picking up again. Winograd said the three-month moving average increase in payrolls was unchanged from November, in addition to the strong headline data. The unemployment rate edged down to 4.1 percent from 4.2 percent, and "has ...
Citigroup economist Andrew Hollenhorst expects only 120,000 new non-farm jobs to be created in December, with an unemployment rate of 4.4%. This will remind the market that the labor market has not yet stabilized and continues to weaken. However, she believes companies will continue to increase headcount, even at a gradual pace, once some of the current instability subsides. The overall picture will remain flat and there will be no drastic changes. (Jin Ten)
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)