economists

Jeffrey Gundlach, Billionaire ‘Bond King’, Forecasts Significant Rate Cuts by the Fed in the Near Future

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Time Stamp: March 24, 2023 9:30 PM - Modified On: March 24, 2023 - Published By:
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Jeffrey Gundlach, the billionaire bond king and CEO of DoubleLine Capital, has recently made headlines with his prediction of significant rate cuts by the Federal Reserve in the near future. Gundlach is known for his accurate predictions in the bond market, and his latest forecast has caught the attention of investors and economists alike.Gundlach's prediction comes at a time when the US economy is showing signs of slowing down. The ongoing trade war with China, coupled with weaker global growth and geopolitical tensions, has led to concerns about a potential

Bullard from the Fed reveals that FOMC projections indicate an additional rate hike.

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Time Stamp: March 24, 2023 2:33 PM - Modified On: March 24, 2023 - Published By:
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James Bullard, the President of the Federal Reserve Bank of St. Louis, recently revealed that the Federal Open Market Committee (FOMC) projections indicate an additional rate hike in the near future. This news has caused a stir in the financial world, as many investors and economists are now speculating about the potential impact of this decision on the economy.The FOMC is a committee within the Federal Reserve System that is responsible for setting monetary policy in the United States. The committee meets several times a year to discuss economic conditions

Balaji Srinivasan Places a Wager on the Possibility of Hyperinflation

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Time Stamp: March 24, 2023 12:00 PM - Modified On: March 24, 2023 - Published By:
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Balaji Srinivasan, a prominent Silicon Valley investor and entrepreneur, has recently made headlines for placing a significant wager on the possibility of hyperinflation in the United States. Srinivasan, who is known for his expertise in cryptocurrency and blockchain technology, has long been a vocal critic of the traditional financial system and its reliance on central banks and fiat currency.In a recent tweet, Srinivasan announced that he had purchased $1 million worth of call options on the cryptocurrency platform Polkadot, with a strike price of $40 and an expiration date of

CIBC: Canadian Job Numbers Provide Justification for Bank of Canada to Consider Future Rate Hikes

Source Node: https://zephyrnet.com/canada-job-numbers-offer-plenty-of-reason-for-the-boc-to-leave-the-door-open-to-future-rate-hikes-cibc/
Time Stamp: March 12, 2023 10:11 PM - Modified On: March 12, 2023 - Published By:
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The Canadian economy has been performing well in recent months, and this is especially true when it comes to job numbers. According to the latest report from Statistics Canada, employment rose by an impressive 88,000 jobs in October, the largest increase since March 2012. This is great news for the Canadian economy, and it provides justification for the Bank of Canada to consider future rate hikes. The Bank of Canada has kept its key interest rate at 1.75% since October 2018, and it has been reluctant to raise rates due

German Inflation Data Boosts EUR/USD Exchange Rate, USD Slumps Following US Non-Farm Payrolls Release

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Time Stamp: March 12, 2023 6:13 AM - Modified On: March 12, 2023 - Published By:
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The EUR/USD exchange rate is one of the most closely watched currency pairs in the world. Recently, the exchange rate has been boosted by German inflation data, while the US dollar has slumped following the release of US non-farm payrolls.German inflation data released on April 30th showed that consumer prices rose by 1.6% year-on-year in April, which was higher than the 1.3% forecast by economists. This increase in inflation was driven by higher energy prices, which rose 3.2% compared to a year ago. The higher inflation rate was seen as

The Impact of Fintech and Euro Forecast on the Global Economy in 2023

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Time Stamp: March 11, 2023 9:08 PM - Modified On: March 11, 2023 - Published By:
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The global economy is constantly evolving and adapting to new technologies and trends. One of the most significant developments in recent years has been the emergence of fintech and its impact on the global economy. Fintech, or financial technology, is the use of technology to provide financial services and products. It has revolutionized the way people access and manage their finances, allowing them to make payments, transfer money, and access financial services more quickly and conveniently than ever before. The impact of fintech on the global economy has been profound.

Wells Fargo Forecasts Sharp and Significant Rally of Turkish Lira Following Regime Change in Turkey

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Time Stamp: March 11, 2023 2:06 PM - Modified On: March 11, 2023 - Published By:
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The recent regime change in Turkey has caused a stir of excitement among investors and economists alike. After years of economic stagnation, the new government is expected to bring about much-needed reforms that could lead to a sharp and significant rally of the Turkish lira. Wells Fargo, one of the world’s leading financial institutions, has recently released a report forecasting a strong recovery of the Turkish lira in the near future. According to their analysis, the new government’s policies are likely to bring about a significant appreciation of the currency,

Asian Stock Market Plunges as S&P500 Drops, BoJ Governor Kuroda Remains Dovish

Source Node: https://zephyrnet.com/asian-stock-market-catches-cough-as-sp500-dives-boj-kuroda-maintains-dovish-stance/
Time Stamp: March 10, 2023 6:44 AM - Modified On: March 10, 2023 - Published By:
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The Asian stock market has been hit hard in recent weeks as the S&P500 has dropped significantly. This has been caused by a combination of factors, including the ongoing trade war between the United States and China, and the weakening global economy. The Bank of Japan (BoJ) Governor Haruhiko Kuroda has remained dovish in his approach to these issues, which has had a negative effect on the Asian stock market. The S&P500 has dropped by more than 8% since the beginning of October, and this has had a significant impact

Experts Urge Caution as Money Supply Contracts: Potential for Deflationary Depression if Quantitative Tightening is Not Monitored

Source Node: https://zephyrnet.com/expert-warns-of-possible-deflationary-depression-as-money-supply-contracts-pay-attention-to-qt-and-the-money-supply/
Time Stamp: March 9, 2023 7:30 PM - Modified On: March 9, 2023 - Published By:
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In recent months, economists and financial experts have been warning of a potential deflationary depression if the current money supply contracts and quantitative tightening is not monitored. This warning has been issued as a result of the Federal Reserve’s decision to reduce the amount of money in circulation by reducing the amount of money it prints. This process, known as quantitative tightening, is intended to reduce inflation and stabilize the economy. Quantitative tightening is a process in which the Federal Reserve reduces the amount of money it prints and puts

US District Judge Rules on SEC’s Allegations Against Ripple in Lawsuit Involving Expert Testimonies

Source Node: https://zephyrnet.com/us-judge-issues-ruling-on-sec-vs-ripple-lawsuit-expert-testimonies/
Time Stamp: March 7, 2023 8:43 AM - Modified On: March 7, 2023 - Published By:
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On April 6th, 2021, US District Judge Sarah Netburn ruled on the Securities and Exchange Commission’s (SEC) allegations against Ripple in a lawsuit involving expert testimonies. The SEC had accused Ripple of selling unregistered securities in the form of XRP tokens, which are a digital asset used for payments and transfers. The SEC’s lawsuit was based on the argument that Ripple had violated the Securities Act of 1933 by selling XRP tokens without registering them as securities. Ripple had argued that the XRP tokens were not securities, but rather a

US Judge Rules on Expert Testimonies in SEC vs. Ripple Lawsuit

Source Node: https://zephyrnet.com/sec-vs-ripple-lawsuit-us-judge-rules-on-expert-testimonies/
Time Stamp: March 7, 2023 8:43 AM - Modified On: March 7, 2023 - Published By:
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On April 6th, 2021, a US District Court Judge ruled on the issue of expert testimonies in the ongoing lawsuit between the US Securities and Exchange Commission (SEC) and Ripple Labs Inc. The SEC has accused Ripple of selling unregistered securities in the form of its XRP cryptocurrency. Ripple has denied these allegations, claiming that XRP is not a security. The ruling by Judge Sarah Netburn of the Southern District of New York was in response to a motion by Ripple to exclude certain expert testimonies from the SEC. The

Government Official Announces Plans to Establish Centre for Developing Ecommerce Policies

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Time Stamp: March 7, 2023 2:31 AM - Modified On: March 7, 2023 - Published By:
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Today, government officials have announced plans to establish a Centre for Developing Ecommerce Policies. This centre will be dedicated to researching and developing policies that will help to ensure the growth and success of the ecommerce industry. The Centre for Developing Ecommerce Policies will be responsible for researching and developing policies that will help to ensure the growth and success of the ecommerce industry. This includes policies that will help to protect consumers, promote competition, and ensure a level playing field for all businesses. The centre will also be responsible