The Fed will discuss inflation and new policy this Wednesday
The US Federal Reserve (Fed) is set to meet on Wednesday to discuss whether progress on inflation has stalled and whether the Fed’s policy rate must remain in the current 5.00%-5.25% range for longer than expected. The meeting will focus on whether progress on inflation has stalled and whether the Fed’s policy rate must remain…
BOJ raised its rate due to debt crisis
The Bank of Japan has raised its first interest rate in 17 years, marking the end of a era of negative interest rates imposed after the global recession and debt crisis. Policymakers now believe these rates did not function as expected and are still grappling with the distortions caused by negative interest rates, such as…
Putin has won presidential election with 87.8% vote
President Vladimir Putin won a historic post-Soviet landslide in Russia’s election, solidifying his tight hold on power and demonstrating Moscow’s right to stand up to the West by sending soldiers into Ukraine. Putin, a former KGB lieutenant colonel, stated that the outcome should send a message to the West that its leaders will have to…
China’s new rules to avoid gambling overseas
China’s embassy in Singapore has warned Chinese residents to avoid all types of betting, claiming that gambling abroad breaches Chinese rules. The warning comes as Beijing intensifies its crackdown on Chinese residents gambling in Southeast Asia, a major tourist destination. The embassy has reminded most Chinese in Singapore to raise their legal understanding and avoid…
Biden got $155 million donation campaign for re-election
US President Joe Biden’s re-election campaign raised over $53 million in February and now has $155 million in cash, the highest level of grassroots fundraising since the campaign began. Around 1.3 million donors have contributed almost 3.4 million contributions, with 97% of donations totaling less than $200. Biden’s campaign reported $1.6 million in grassroots money…
Bank of Japan state to end negative interest rate on march
The Bank of Japan is expected to end its negative interest rate policy on Tuesday due to significant wage increases by major corporations in wage negotiations. Japan’s main union group reported a 5.28% wage increase in 2024, the largest in 33 years. The timing of the move will be determined by the success of the…
Trump revealed CIA secrets missions on China’s while he’s president
Former US officials have revealed that President Donald Trump authorized the Central Intelligence Agency (CIA) to launch a clandestine campaign on Chinese social media in 2019, aiming to turn public opinion against the Chinese government. The CIA formed a small team of spies who used fictitious internet identities to build bad narratives about Xi Jinping’s…
Japan will awaken worlds fourth-largest economy
Japanese financial markets are on the verge of increasing interest rates, marking a significant shift in people’s mindsets as the country aims to leave behind “lost” years of deflation and reawaken the world’s fourth-largest economy as an investment destination. The Bank of Japan is likely to exit in June, with rates potentially rising to zero…