Category: Economy
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Lael Brainard Takes on New Role as Director of National Economic Council in Biden’s White House
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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Federal Reserve Braces for Extended Interest Rate Hikes to Tame Inflation
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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Lael Brainard: From Federal Reserve Vice Chair to Top Economic Policy Advisor for President Biden
Biden to Appoint Lael Brainard as Top Economic Policy Advisor As the 2024 elections approach, United States President Joe Biden is anticipated to name Federal Reserve Vice Chair Lael Brainard as his primary economic policy advisor. This move comes as the Federal Reserve is facing extensive challenges in its efforts to lower inflation rates. Brainard, […]
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Academics named in Japan as the following governor of the central bank
FILE PHOTO: On January 18, 2023, a guy is seen strolling by the Bank of Japan headquarters in Tokyo, Japan. TOKYO – The unexpected nomination of scholar Kazuo Ueda by the Japanese government to lead the country’s central bank may increase the likelihood that the yield control strategy will be abandoned. According to paperwork handed […]
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Markets on Edge: Valentine’s Day Brings Critical Inflation Numbers for the World’s Largest Economy
The largest economy in the world’s inflation rates on Valentine’s Day The inflation figures from the biggest economy in the world are among the most keenly anticipated economic indicators by the market on Valentine’s Day. Investors continue to hold out optimism that the Federal Reserve would start decreasing rates later this year, despite the eye-popping […]
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Energy Revolution: War in Ukraine Speeds Up Global Shift to Renewables
A Battle at Lutzerath: The Global Energy Crisis For many environmentalists, the abandoned hamlet of Lutzerath in Germany has come to represent the global energy problem. Since Germany’s Energy Minister, Robert Habeck, permitted a utility company to dig for lignite coal—the worst type of coal—beneath the vandalized homes, activists have been fighting to prevent the […]
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Biden Shakes Up Economic Team with Brainard as New NEC Director and Bernstein as CEA Chair
Brainard will be Biden’s top choice for economic policy. A person familiar with the situation claims that U.S. President Joe Biden would elevate Lael Brainard, the vice chair of the Federal Reserve, to the top role overseeing economic policy in the White House. This statement is anticipated to be made as soon as Tuesday. Replaced […]
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BoE Raises Interest Rates to Tackle Soaring Inflation, Bracing for a Recession
The Bank of England to Raise Borrowing Costs to Tackle Double-Digit Inflation The Bank of England is set to make its final increase to borrowing costs in the current cycle next month to combat double-digit inflation, according to a Reuters poll. The British economy is almost certainly entering a recession, with the poll showing that […]
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Diversify Your Semiconductor Portfolio with Defiance Quantum ETF and Next Gen Connectivity ETF
Using thematic ETFs to Investigate the Opportunities in the Semiconductor Industry Investors may be seeking for new methods to enter this market as the semiconductor sector continues to develop this year. Two exchange-traded funds (ETFs) with five-star ratings from Morningstar should be taken into consideration by investors looking for a broad strategy. These ETFs, the […]
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Former FTX CEO Sam Bankman-Fried Faces Suspension of Civil Lawsuits Amid Criminal Charges
Placed on Hold: Sam Bankman-Civil Fried’s Cases The civil cases filed against Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, have been halted by a New York judge. The two regulators’ legal actions will be postponed until the Department of Justice’s ongoing criminal investigation into Bankman-Fried is finished. Reasons for the Delay […]