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Sunday, 9 August 17:38 (GMT -05:00)



Business And Politics News

Fed Cuts Key Interest Rate For The First Time In 10 Years


The U.S. Federal Reserve is reported to have cut the key interest rate, which is something really outstanding since the Fed has done it for the first time since 2009.
 
Market leader experts report that any changes in interest rate cuts mean changes in the national economy. To be more specific, depending on the direction and the degree of the change, you can tell how good or bad the things are in the national economy at a given point. Back to the Federal Reserve, this time the regulator has cut the interest rate by as much as 0,5% at a time, while usually, this is a 0,25% change if any.
 
The thing is that the USA has been involved in a series of trade wars with other major economies. In particular, the United States has been exchanging duties and other pleasant surprises with China and the European Union. This makes the Fed worry about a possible economic slowdown in the USA and the entire world.
 
Previously, the Fed used to stick to the policy of gradually increasing the interest rates even though President Trump was against this policy and criticized the Fed severely for that. Back in late 2018, the interest rate was increased from 2,25% up to 2,5%, which was the 4th interest rate hike in 2018.
 
For those of you who don't know, higher interest rates lead to more expensive loans while interest rate cuts make those loans cheaper. The current interest rate decision made by the regulator may well enliven the lending market, which is something the Fed is really hoping for. American businesses have now gained access to cheaper loans, which is expected to lead to a production boost and expansion., which in their turn lead to more taxes and new jobs.
 
At the same time, Washington claims that the overall economic situation in the country is good. The U.S. GDP gained 3,7% in Q1 2019, with 2% inflation and record-low unemployment (lowest in 50 years). With that being said, the latest interest rate cut is a preventive step.
 
The U.S. economy is still the world's biggest economy, with the U.S. Dollar still playing the key role in the global economy, trade, and finances.

 

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China Makes Blockchain Professions Official

There are 1838 officially recognized professions in China. Now, there list is up by 2 professions - blockchain engineer and blockchain app operator. The Chinese Ministry of Human Resources and Social Security (MOHRSS) has recently confirmed that by updating the list of official professions.
Publication date: 20 July 11:42 AM

South Korea Invests Billions In Blockchain Technologies

By 2025, South Korea is planning to invest over 48 billion dollars in  blockchain. The goal is to digitize all of the industrial sectors of the national economy in this post-pandemic era. According to ZDNet Korea, the president highly rated some of the benefits this process may bring to South Korea.

Publication date: 18 July 09:40 AM

Black Lives Matter - Investors Keep Ignoring Major Riot In US In 50 Years. Why?

Everyone has probably heard of the #BlackLivesMatter riots, which have been going on in the United States for a while. However, international financial markets seem to have been underestimating this event, which happens to be the biggest riots in the USA in 50 years! Why is that?

Publication date: 18 June 07:56 AM

Donald Trump Influences Bitcoin Exchange Rate

Publication date: 05 June 04:42 AM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Forbes has recently published the list of 2095 billionaires from different parts of the world. It turns out that 4 of them owe it to cryptocurrencies. Who they are, the cryptocurrency billionaires?
Publication date: 13 April 11:54 AM

Life After Brexit: EU-UK Talks Are Underway

Publication date: 07 March 09:03 AM

USA May Take Steps To Support National Economy After COVID-19 Pandemic

Publication date: 07 March 08:15 AM

New Prime Minister Names Brexit Date

It seem that the new Prime Minister of the United Kingdom is really determined about everything related to the Brexit. The process is expected to start in later 2019. Boris Johnson's standpoint on the matter didn't come as a surprise to the international expert community, Market Leader reports. The thing is, he has been well-known for being an advocate ad big supporter of quitting the European Union in general, and doing so without a major agreement in particular, which is also known as the hard Brexit scenario. 

Publication date: 07 August 06:54 AM

Johnson Launches Hard Brexit Ad Campaign

Boris Johnson, who has recently been appointed new UK Prime Minister, is on his way to launch an ad campaign to promote the idea of quitting the EU the hard way, which is also known as the hard Brexit. For those of you who don't know, the hard Brexit scenario implies quitting the European Union without signing a major agreement.

Publication date: 31 July 11:43 AM

U.S-China Trade War Is Sponsored By Consumers

According to the IMF, consumers and producers are the biggest losers in the trade war between the United States and China. Despite growing duties, American companies are not in a hurry to move their production back to the USA.

Publication date: 12 July 01:19 AM