global economy
What US Federal Reserve Interest Rate Cut Means for Global Markets
The upcoming interest rate cut by the U.S. Federal Reserve, anticipated during the Federal Open Market Committee (FOMC) meeting on September 17-18, 2024, is set to have significant implications for both the U.S. and global markets. The decision to lower the federal funds rate, which currently stands at a two-decade high of 5.25% to 5.50%, […]
China’s Risky Bet: Betting Against the US Dollar to Save Its Economy
China has been making a bold move in recent months, betting against the US dollar in an attempt to save its currency, the yuan, from further depreciation. However, this strategy is proving to be a costly one, with Chinese banks losing money on a global scale. The Weakening Yuan The yuan has been under immense […]
World Geopolitical Recession: An In-Depth Analysis
In a recent interview at the ET World Leaders Forum, renowned economist Nouriel Roubini articulated a sobering perspective on the current state of global affairs, coining the term “geopolitical recession.” This concept highlights the increasing instability and risks posed by geopolitical events, which, while not necessarily leading to a global economic depression, significantly threaten market […]