EUR-USD Advance Beyond 1.0700, Investors Await FOMC Verdict
On Monday, traders were betting that the Federal Reserve would raise rates at a slower pace, so the EUR/USD pair (which measures the value of the euro against the U.S.…
US banking system is in severe crisis of confidence.
The news cycle has been moving quickly from one major issue to another. The banking crisis is still prominent, and there are many other stories to take care of. Americans…
The American economy may avoid a recession.
The federal government has lost some control over inflation, and the American economy may avoid a recession. Jim Cramer, JPMorgan Chase CEO, said that the Fed’s quantitative easing program is…
The federal government is to blame for the crisis!
SVB customers are predominantly technology-savvy entrepreneurs who have been able to raise large amounts of capital from investors in recent years. However, with this source of funding drying up, banking…
Expectations for better global economy
As Secretary of the Organization for Economic Cooperation (OECD), I am pleased to share with CNBC viewers that the outlook for the global economy is slightly better than it was…
Are the Markets Ready? The Fed is Preparing Something Big
The Federal Reserve has been working diligently to ensure the stability of the markets, and it appears that they may be readying something big. The minutes released from recent meetings…