Vice President Kamala Harris is set to announce a robust economic agenda as she embarks on her first major policy rollout since becoming the Democratic Party’s presidential nominee. Following her recent ascension to the top of the ticket, replacing President Joe Biden, Harris is riding a wave of enthusiasm. Her campaign has been buoyed by […]

Goldman Sachs, one of the leading global investment banks, has adjusted its forecast regarding the likelihood of a U.S. recession within the next 12 months, lowering the odds from 25% to 20%. This revision comes in response to a series of favorable economic indicators, particularly the latest weekly jobless claims and retail sales reports, which […]

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, took a significant step on Thursday, August 15, 2024, by cutting its key interest rate for the first time in nearly four years. This move comes amid ongoing adjustments in the country’s economic landscape as inflation shows signs of easing, and the central […]

British consumer price inflation (CPI) edged higher in July, marking its first increase this year, though the rise was more modest than anticipated. Official figures released on Wednesday by the Office for National Statistics (ONS) indicated that the annual rate of inflation reached 2.2%, a slight uptick from the Bank of England’s (BoE) target of […]

Japan’s parliament has made a significant move by summoning Bank of Japan (BOJ) Governor Kazuo Ueda to special sessions scheduled for August 23, 2024. These sessions, to be held by the finance committees of both the upper and lower houses, aim to address the central bank’s unexpected decision to raise interest rates, a move that […]

Last Monday, global financial markets experienced a significant shake-up as the unwinding of the Japanese yen carry trade sent shockwaves across equities, currencies, and digital assets. The S&P Global Broad Market Index, which tracks the performance of over 14,000 stocks worldwide, retreated by 3.3%—its most severe trading day in over two years. The Tokyo Stock […]

In a decision that was widely anticipated by market observers, the Reserve Bank of India (RBI) held its key interest rate steady at 6.50% on Thursday, marking the ninth consecutive policy meeting without a change. The Monetary Policy Committee (MPC), consisting of three RBI officials and three external members, voted to maintain the repo rate, […]

In a widely anticipated move, the Reserve Bank of India (RBI) opted to keep its key interest rate unchanged on Thursday, signaling a continued focus on bringing inflation down despite the prevailing global market volatility that has other major central banks considering easing their policies. The Monetary Policy Committee (MPC) maintained the repo rate at […]

Bangladesh is navigating through an unprecedented and tumultuous period as ongoing protests have thrown the nation into significant economic and political upheaval. The student protests that erupted on July 1st have dramatically changed the country’s landscape, resulting in Prime Minister Sheikh Hasina fleeing to New Delhi under the cover of darkness. The domestic economy has […]

As global stock markets reel from a sharp sell-off, there’s growing pressure on the US Federal Reserve to lower interest rates more aggressively. With some analysts calling for an emergency rate cut before the Fed’s scheduled meeting in September, the situation is rapidly evolving. Just a week ago, futures markets were anticipating a modest quarter […]