Commentary Deposits at U.S. commercial banks have fallen to the lowest figure in nearly two years, according to the Federal Reserve. This figure has fallen by $500 billion since the Silicon Valley Bank collapse. However, total banking credit has risen to a new record high of $17 trillion, according to the U.S. central bank. Less…

Kristalina Georgieva, managing director of the International Monetary Fund (IMF), is warning that the world is heading toward a widespread adoption of central bank digital currencies (CBDC) without properly considering the risk factors involved. “We are going in that direction,” Georgieva said about the adoption of CBDCs worldwide during a May 1 discussion Milken Institute…

Home prices in Europe, which are overvalued in many places, could see major price corrections as the region confronts elevated inflation and tight financial conditions, the International Monetary Fund (IMF) said in a recent report. Europe is facing multiple economic challenges, with inflation remaining high and financial sector risks materializing. At the same time, real…

During last week’s Spring Meetings, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), expressed concerns about “fragmentation”—the global economy splintering into rival trading blocs—warning that it could worsen the global inflation crisis. The IMF chief attributed this risk to a combination of factors, including the ongoing war in Ukraine and flaws in the…

Chancellor Jeremy Hunt has said the International Monetary Fund (IMF) has “undershot” its forecast for the UK in five out of the last six years. The IMF has predicted the UK economy would contract by 0.3 percent this year but Hunt, who is attending the fund’s spring meeting in Washington, said the IMF was “just…

Australian Treasurer Jim Chalmers has turned down the idea of hiking GST (goods and services tax) across the country, despite recommendations from the International Monetary Fund (IMF) to do so. Chalmers, who is visiting the United States to meet with global financial leaders, said making changes to the GST was not a priority for the…

Global public debt is expected to surge faster than prior to the coronavirus pandemic, and will keep rising over the next few years, according to a new report from the International Monetary Fund (IMF). In the organization’s latest Fiscal Monitor report, economists stated that international government debt has tumbled briefly as exorbitant pandemic-era fiscal and…

The Manhattan prosecutor leading the case against former President Donald Trump is suing Rep. Jim Jordan (R-Ohio) in an effort to block the judiciary chairman’s recent subpoena. A few top lawmakers have gained access to classified documents found at President Joe Biden and Trump’s homes. What they did do to pressure the Justice Department, which…

U.S. Treasury Secretary Janet Yellen attempted to reassure Americans about the state of the global economy at a press conference on Tuesday. While acknowledging the possibility of an economic downturn, she said she did not anticipate one and believes that the U.S. banking system remains strong. “I’ve not really seen evidence at this stage suggesting a…

The risks to global financial stability have risen “rapidly” since the International Monetary Fund’s (IMF) previous assessment in October, the organization wrote in a new report. In the latest Global Financial Stability report, IMF economists wrote that there is a “perilous combination of vulnerabilities” in financial markets as institutions failed to properly prepare for a…