Money

Biden’s scoop as economy melts

Published

2 years ago

October 17, 2022

Biden’s scoop as the global economy melts

BIDEN’S SCOOP – In what can only be described as an unusual intervention, President Joe Biden has weighed in on the state of Britain’s economy while in an ice cream shop.

Biden says the economic turmoil following the UK government’s mini-budget was “predictable”.

Speaking in Oregon, Biden was asked by reporters about the PM’s attempt to boost growth with unfunded tax cuts.

To this, the president replied: “Well, it’s predictable. I wasn’t the only one that thought it was a mistake.”

He continued, adding “I think that the idea of cutting taxes on the super wealthy at a time when – anyway, I just think – I disagreed with the policy. But that’s up to Great Britain to make that judgment, not me.”

Biden has previously been criticised for the way he handles U.S.-UK relations. Some believe he gives preferential treatment to his transatlantic relationships in Dublin, Paris and Berlin.

While in the ice cream shop, Biden was also asked about the state of the global economy.

The President answered: “I’m not concerned about the strength of the dollar. I’m concerned about the rest of the world. Our economy is strong as hell.”

Leaders

U.S. Federal Reserve announce rate cut, show great confidence in economy

Published

2 hours ago

September 19, 2024

ticker NEWS

The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

Money

Markets brace for potential 50-point fed rate cut

Published

2 days ago

September 17, 2024

ticker NEWS

Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

Money

Bitcoin’s Q4 outlook: key factors and upcoming milestones

Published

3 days ago

September 16, 2024

ticker NEWS

Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner