The chairman of the US Federal Reserve (Fed), Jerome Powell, recently indicated that the organization plans to cut its workforce by 10 % by 2027.
The information was released in a memo cited last Friday by CNBC, which stated: "Experience, both here and elsewhere, shows that it is healthy for any…
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FED
Trump executive order bans Fed from creating a CBDC
Among the new executive orders signed by US President Donald Trump is one that bans the Fed from developing a digital currency, or CBDC, as well as stopping all work oriented towards that end.
Despite being in favor of cryptocurrencies,…
The Fed keeps interest rates between 5.25 % and 5.5 %
This Wednesday, the Fed announced through an official statement that the United States will maintain interest rates between 5.25 % and 5.5 %.
The body indicated that “in considering any adjustment to the price of money, the Committee will…
Fed to cut interest rates before inflation drops to 2 %
Jerome Powell, president of the United States Federal Reserve, Fed, declared this Monday, July 15, that the organization will cut interest rates before inflation in the country reaches 2 %.
Powell stressed that the agency seeks "confidence…
House of Representatives approved law prohibiting the FED from issuing a CBDC
The US House of Representatives passed the State CBDC Anti-Surveillance Act, which prohibits the FED from issuing a digital currency. The bill obtained 216 votes in favor and 192 against.
The main objective of this law is to prevent the…
Interest rates in America like a see-saw game
Interest rates remain low in some American countries, such as the United States, Chile and Colombia. While upward changes are seen in Colombia and Mexico.
The exchange market experiences a dynamic similar to the see-saw game, with…
The Fed could make three interest rate cuts in 2024
The Fed's cut projections for 2024 and 2025 could be affected by the current variations in inflation in the United States.
According to a group of economists surveyed by Bloomberg, “the recent spike in inflation is unlikely to change…
The Fed withdrew measures from a bank linked to FTX
The United States Federal Reserve Board announced that it has completed an enforcement action against Farmington State Bank, a financial institution linked to the defunct cryptocurrency exchange, FTX.
According to the statement issued on…
Bitcoin price reached USD 42,000
This Monday, the value of Bitcoin, the main digital currency on the market, reached USD 42,000. Investors expect the bullish trend to continue, despite expectations for the Fed's announcements next week.
Analysts consider that this is a…
US Federal Reserve maintains interest rates
The United States Federal Reserve decided this Wednesday to maintain interest rates in a range of 5.25 and 5.5 %, although it does not close the door to new increases.
The Federal Open Market Committee (FOMC) of the Fed issued a statement…
The Fed stated that controlling inflation “will take time”
The President of the United States Federal Reserve (Fed), Jerome Powell, warned of the risks to the economy in the event of falling short or exceeding interest rates, while warning that the path to returning inflation to the 2 % target will…
The FED forecasts a drop in US wage growth
In a recent report, the US Federal Reserve (FED) projected a slowdown in wage growth for the second half of the year, attributing it to rising labor costs. These costs, in large part, are the result of the Fed's decisions to increase…