Tag: central bank
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Fed Is About to Get Validation for Its Jumbo Rate Cut
(Bloomberg) -- The Federal Reserve’s preferred price metric and a snapshot of consumer demand are seen corroborating both the central bank’s aggressive interest-rate cut...
Argentines Rush to Deposit Cash Savings as Part of Milei Policy
(Bloomberg) -- Argentines are taking their dollar savings out from under the mattress and depositing them into banks in a vote of confidence for...
Russia’s strategy to rely more China’s yuan is backfiring
After the U.S. and its allies sanctioned Russia in 2022 for its invasion of Ukraine, Moscow turned away from the dollar and euro in...
The stock market chaos sparked by the yen last month could resume as rates rise in Japan, SocGen says
The US economic outlook, meanwhile, looks rocky, Edwards said, which could hurt US stocks. He pointed to softness in the US labor market over...
Argentina Ships Gold Bars Abroad to Be Financially Certified
(Bloomberg) -- Argentina’s central bank sent part of its gold reserves abroad in recent weeks to be validated for financial use, a move that...