JD Vance, the Republican U.S. vice-presidential candidate, recently expressed his support for Donald Trump’s suggestion that presidents should have a say in Federal Reserve Board policy-making, particularly regarding interest-rate movements. This statement, made during an interview on CNN’s “State of the Union” program, highlights the ongoing debate over the appropriate level of political involvement in
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China’s bond market, currently the second largest in the world, has been experiencing a period of volatility and uncertainty. The central bank’s heavy intervention to counter a plunge in yields has left many investors on edge. Despite the struggling economy, some investors remain optimistic about the future of government bonds in China. They point to
When it comes to financial trading, it is crucial to conduct your own due diligence before making any investment decisions. The content provided on websites often includes general news, analysis, and opinions, which may not necessarily apply to your specific financial situation. Therefore, relying solely on the information provided without conducting your own research could
The recent surprising decision by Mexico’s central bank, Banxico, to lower interest rates by 25 basis points in a 3-2 split decision has left many market participants scratching their heads. Despite concerns over rising inflation and stagnating economic growth, Banxico signaled its intention to implement further easing measures in the near future. This move has
During a recent press conference in Phoenix, Arizona, U.S. Vice President Kamala Harris made it clear that she values the independence of the Federal Reserve and would never seek to interfere with its decision-making process, even if she were to win the upcoming presidential election. This stance sets her apart from former President Donald Trump,
During a recent stop in Nevada, U.S. Vice President Kamala Harris expressed her support for eliminating taxes on tips, a move that would benefit service and hospitality workers. This position mirrors that of her rival, former President Donald Trump, who made a similar proposal earlier. The battle for the support of service workers is seen
Recently, a federal appeals court extended an order that blocked President Joe Biden’s administration from further implementing a student debt relief plan. This plan was designed to lower monthly payments for millions of borrowers and speed up loan forgiveness for some. The 8th U.S. Circuit Court of Appeals granted an injunction requested by seven Republican-led
In a recent development, Indian automaker Mahindra & Mahindra has reportedly entered into a joint venture agreement with China’s Shaanxi Automobile Group to establish a $3 billion manufacturing plant in India. The joint venture, which is awaiting approval from the Indian government, is said to involve the construction of a car manufacturing facility in Prime
Federal Reserve Governor Michelle Bowman recently discussed the state of inflation in the United States. While she acknowledged some progress in inflation over the past few months, she emphasized that inflation remains “uncomfortably above” the Federal Reserve’s 2% target. This cautious perspective on inflation is essential for ensuring economic stability and preventing overheating. Bowman highlighted
Donald Trump, the former president of the United States, has recently expressed a desire to have more influence over the decisions made by the Federal Reserve. Specifically, he believes that the president should be consulted on interest rate decisions and that proposals for Fed banking regulations should be subject to White House review. This marks
In light of renewed concerns about a potential U.S. recession, experts are shining a light on the vulnerabilities of the current unemployment system. The system, which is crucial for providing temporary income support to laid-off workers, proved to be inadequate during the Covid-19 pandemic. The system’s shortcomings, including massive technology failures and administrative inefficiencies, were
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