US Treasury Secretary Scott Bessant said that the Federal Reserve System should reduce the key interest rate by at least 150-175 basis points from the current level. He suggested starting the cycle in September with a step of 50 bp.According to him, if the regulator had had the revised labor market data published on August 1, it would probably have started cutting rates in June or July. These data showed that employment growth in May and June was reduced by 258,000 jobs.Currently, the Fed's rate... Прочетете още
Trump has signed executive orders imposing retaliatory duties equal to the tariffs that other... Прочетете още
The People's Bank of China on Thursday announced plans to make changes to monetary policy, choosing... Прочетете още
Ray Dalio, founder of the largest hedge fund Bridgewater Associates, made a statement about the... Прочетете още
The European Commission has denied rumors about plans to set a temporary limit on the cost of gas... Прочетете още
Chinese companies are setting records for dividend payments and share buybacks thanks to corporate... Прочетете още
The UK economy grew by 0.1% in the fourth quarter. This exceeded forecasts for a 0.1% reduction.... Прочетете още
Indian Steel Minister H.D. Coomaraswamy said that the country is considering the possibility of... Прочетете още
The duties applied to Canada are supposed to be introduced on a cumulative basis, according to data... Прочетете още
The EU is considering the possibility of temporarily limiting natural gas prices, which have... Прочетете още
European trade ministers are planning to hold urgent telephone talks on Wednesday to discuss the... Прочетете още
In February, the average rates on yuan deposits in the largest Russian banks fell below 4%. For... Прочетете още
Russia and Argentina continue to strengthen cooperation by developing joint initiatives in areas... Прочетете още
US duties on metals from Canada may reach 50%. It is expected that the duties, if they come into... Прочетете още
The US Federal Reserve is not likely to lower its key interest rate until the second quarter,... Прочетете още
In March, oil supplies from Saudi Arabia to China will decrease to 41 million barrels, compared... Прочетете още
US President Donald Trump's tit-for-tat trade strategy could lead to increased tensions in the... Прочетете още
The capitalization of the crypto market has reached $3.355 trillion (+$67 billion). The share of... Прочетете още
US President Donald Trump has approved duties of 25% on steel and aluminum imports, including... Прочетете още
Trump is imposing 25% tariffs on steel and aluminum imports starting today. The US president also... Прочетете още
The dollar hit an 8-week low against the yen and a 1-month low against the pound amid declining... Прочетете още
Saudi Arabia increased the price of Arab Light oil for Asia by $2.40 per barrel in March, reaching... Прочетете още
China expressed its readiness to strengthen cooperation with the European Union in order to jointly... Прочетете още
The European Commission has proposed to strengthen control over cheap goods sold through online... Прочетете още
The long-term trend towards dividing the world into two trading blocs is becoming more and more... Прочетете още
Chinese companies control about 75% of Indonesia's nickel processing capacity, raising questions... Прочетете още
The European Union is preparing a response to Trump's tariffs, which could affect Silicon Valley.... Прочетете още
The heads of the Federal Reserve Banks of Boston and Atlanta, Susan Collins and Rafael Bostic,... Прочетете още
US President Donald Trump has signed a decree on the creation of the national welfare fund, the... Прочетете още
China may reconsider its strategy of controlling the yuan exchange rate in the event of a... Прочетете още
Oil prices are falling amid the US decision to postpone duties on goods from Mexico and Canada.... Прочетете още
