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Latest Figures Show U.S Economy Shrank for Two Consecutive Quarters

The latest government revised figures show the U.S economy dropped for two consecutive quarters, with Gross Domestic Products (GDP) shrinking at an annual rate of 0.6 percent in the second quarter of 2022.  This is similar to what has been projected earlier. Furthermore, the 1.6 percent which had been reported in the first quarter also…

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Bank of Japan Maintains its Ultra-Low Interest Rates and promises to Stick to its Dovish Monetary Policy

The Bank of Japan has maintained its ultra-low interest rates in its latest review following a monetary policy meeting held on Thursday, September 22, 2022. The move is a long-held tradition of the Japanese government and was meant to reassure markets of the bank’s continued resilience against a global tide of central banks that are…

The Crypto Meltdown: What is Fueling The Latest Crypto Crush?

In what has been dubbed the “crypto meltdown,” the value of cryptocurrencies has plummeted in recent months. After reaching dizzying heights last fall, the market has now crashed, with the value of the cryptocurrency market dropping from $2.9 trillion to less than $900 billion in just a few short months. This dramatic decline is primarily…

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Fed Increases Interest Rates For The Fourth Time in 2022, Sparking Recession Concerns

The Federal Reserve increased interest rates by another 75 basis points on Wednesday to help cool the country’s stubbornly high inflation. This move sparked experts’ concern that the economy may have already entered a recession. In a press conference following the rate hike, Fed Chairman Jerome Powell stated that he doesn’t think the economy is…

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Will the Bank of England Raise Interest Rates? And by What Margin?

The Bank of England (BoE) is set to make its latest interest rate decision on Thursday, August 4th. The consensus is that the BoE will avoid raising rates by more than 25 basis points; however, this decision is a very close call. In December, the BoE increased interest rates five times, with three of the…

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An Economic Recovery Gone Wrong

At the start of the COVID-19 pandemic in late 2019, governments and policymakers faced a tough balancing act; maintaining economic activity and keeping the population safe. As a rational norm, protection of human life and public safety top most government policy papers. The economy became the opportunity cost to protect their populations from a raging,…

The Euro Zone has Raised Interest Rates for the First Time in 11 years. Is this a Sign of Bad Things Getting Worse?

In a more significant than expected action intended to combat inflation throughout the Eurozone, the European Central Bank (ECB) announced a hike in interest rates for the first time in more than ten years. The increase will become effective on July 27. Ironically, Mario Draghi resigned from his position as prime minister of Italy on…