Opinion: The Fed says don’t worry about U.S. banks, but why should anyone believe them?
The aftershocks of the collapse of Silicon Valley Bank (SVB), while seemingly fading, are still reverberating around the world. Although Federal Reserve officials have taken...
The giant black cloud hanging over Europe’s economic recovery
A remarkable ECB ‘dialogue paper’ last month on QT in the eurozone said the institution “should think more carefully” about the risks of draining reserves...
A recession is coming — and equity markets may incur some pain, strategist says
The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics, and investors may need...
New Senate bill would allow U.S. Mint to alter coins’ metal content
Recently struck pennies in a bin at the U.S. Mint in Philadelphia. Stephen Hilger | Bloomberg | Getty Images WASHINGTON — A bipartisan bill to...
Recession already here for many Americans, as buying power, credit, social net shrinks
The stock market may be closely watching the chance of an official economic recession, but many Americans across the country are already feeling the squeeze...
Public pessimism on the economy hits a new high, CNBC survey shows
Amid persistent inflation, higher interest rates and recession worries, Americans have never been more negative about the economy, according to the latest CNBC All-America Economic...
Brace for QE all over again, and let us get it right next time
There has been no fundamental reset of the monetary process. The International Monetary Fund says that for all the noise we remain in the grip...
ECB policymakers are rethinking rate hikes after banking turmoil
A sign for the European Central Bank (ECB) outside the bank’s headquarters in Frankfurt, Germany, on Thursday, Feb. 2, 2023. Alex Kraus | Bloomberg |...
Web3 economy to gain more traction in Africa through DeFi-based financial inclusion By Cointelegraph
[ad_1] Web3 in Africa began with cryptocurrency, with blockchain technology bringing a lot of transformation regarding transparency and people’s control over their finances. The Web3...
Fed expects banking crisis to cause a recession this year, minutes show
WASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according to Federal Reserve documents released...