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Saturday, 18 August 11:36 (GMT -05:00)



Business And Politics News

Business Circles Stand Still Waiting for Fed's Decision


On July 31st - August 1st, Washington is to host another FOMC meeting. For those of you who don't know FOMC is a Fed committee. The entire business and investment world is now looking forward to the result of this FOMC meeting. The key question is whether the Fed is going to keep on toughening its money-and-credit policy. The answer will be revealed later on Wednesday. 
 
10 years ago, the global financial crisis forced the Fed into cutting the interest rates to unprecedented levels - 0-0,25%. This decision made it possible to spur consumption and increase investments. The monetary easing ended in late 2015 when the American economy got out of the recession. Back then, the Fed started gradually raising the rates. The latest (7th) interest rate hike took place last month, when the key interest rate was increased all the way up to 1,75%-2,0%.
 
Traditionally, the Fed raises the interest rates once a quarter. This way, the next interest rate may take place on September 26th. Tomorrow, the FOMC meeting minutes will hit at the Fed's intensions regarding the interest rate decision that will be made in September. 
 
The interest rate hikes implemented by the Fed have been the reason why the U.S. Dollar has been strengthening so far, along with higher T-bond yields. Donald Trump has been criticizing these Fed policies while blaming the Fed for giving America's rivals a competitive edge though a stronger dollar. Will the Fed make concessions to the President?

 

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Trump is Isolating the USA from the Rest of the World

Fareed Zakaria has commented on the content of today's external policy of the United States. He claims that President Trump's ambiguous decisions have been pushing the United States away form the rest of the world.

Publication date: 13 August 11:38 AM

Fitch Downgrades Economic Forecast for Russian Economy

An international rating agency named Fitch has downgraded the economic forecast for the Russian Federation. In particular, the experts working for the international agency assume that the Russian economy will grow by 1,8% this year. The previous forecast used to be 2% in 2018. The economic forecast for the next year has dropped from 2% down to 1,9%. In 2020, the Russian economy is believed to gain only 1,5%. The long term forecast is also bearish – 1,2% a year on average.

Publication date: 28 June 12:51 PM

When it comes to trade, EU is worse than China, Trump says

Not so long ago, President Trump said that the European Union is worse than China, when it comes to trade relations. This is reported by Axios with reference t anonymous sources. They say this comparison was made during President Trump’s conversation with French President Emmanuel Marcon back in April 2018. Back then, the 2 leaders were discussing the Chinese issue. Macron urged Trump to unite forces with Europe to resist China since China is a trade problem for everyone. 
 
Publication date: 27 June 11:07 AM

Trump Turned G7 Into G6+1

The British media are criticizing Donald Trump's stance and behavior during the recent G7 summit in Quebec, Canada. 

Publication date: 13 June 12:02 PM

G7 Is Ready to Impose New Sanctions on Russia

In the final communique of the recent G7 summit in Quebec, Canada, there is warning for Russia. In particular the G7 warns Moscow that they are ready to impose even more sanctions on Russia in case of further aggression. 

Publication date: 12 June 11:44 AM

George Soros: New Global Crisis Is Coming

While analyzing the current geopolitical situation in the global arena, many experts warn us about serious threats. For example, famous billionaire and financier George Soros predicts another global crisis in the near future. Even though his predictions are controversial at best, many representatives of the international community take his words for granted.

Publication date: 01 June 12:24 PM

Donald Trump Is Not going to Meet with Kim Jong Un

U.S. President Donald Trump is reported to have been canceled his meeting with North Korean leader Kim Jong Un. This is confirmed by the corresponding official press release published in the White House’s official account.

Publication date: 24 May 11:49 AM

How to become a European bank co-owner?

Do you want to get absolutely legitimate access to the EU’s banking system by becoming a co-owner of a European bank to have personal and corporate accounts in your own financial institution? It’s like having a VIP card by VISA or MasterCard with huge discounts worldwide…

Publication date: 10 April 08:06 AM

Goldman Sachs Analysts Have Found Global Economic Slowdown

At the point, most representatives of the international expert community are pretty sure that the global economy has been growing confidently for some time. However, Goldman Sachs analysts claim that the global economy is starting to slow down.

 

In February 2018, 7 out of 10 base components of Goldman Sachs' Global Leading Indicator (GLI) dropped a bit. The bullish momentum started weakening and slowed down from 0,249% down to 0,234%. These are the weakest figures since March 2016.

Publication date: 30 March 01:25 AM

U.S. Fed Denies 4 Interest Rate Hikes This Year?

According to Finanz, the accelerated economic growth in the United States may force the federal Reserve to change their mind about raising interest rates 4 times this year.
 
Publication date: 29 March 11:19 AM