The US Federal Reserve decided to raise interest rates to the 3.75 %-4 % range in a scenario characterized by high inflation.
This is the Fed's first rate hike since July 2013 and one of the most controversial decisions by the new chairman of the agency, Kevin Warsh.
The rate increase could…
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US Treasury
Venezuelan gold released by the Bank of England to be held in US custody
The 2015 National Assembly delegation confirmed that the Venezuelan gold recently released by the Bank of England — approximately 31 tons — will be held in custody by the US Treasury and international companies for use in the country's…
US Treasury authorizes financing for Argentina
On Wednesday, September 24, the US Treasury announced its decision to approve a $20 billion financing package for the Central Bank of Argentina.
This amount would be primarily used for the purchase of primary or secondary debt of the South…
Fitch strips the US of its “AAA” rating
The credit rating agency Fitch Ratings has lowered the long-term debt solvency rating of the United States one notch, which now stands at 'AA+' from 'AAA' with a stable outlook, as a reflection of the expected fiscal deterioration over the…
Retirement plans in crypto represent a risk
US Treasury Secretary Janet Yellen explained that investing in cryptocurrencies is a “very risky option” to include in the retirement plans of average American savers, and it would be reasonable for Congress to face the danger.
“It is not…