Category: US Federal Reserve

Rate Hikes: Bank of Canada’s Pause Threatened by US Fed’s Ongoing Inflation Fight, Say Economists

March 1, 2023
Bank of CanadaBusiness & MarketsCanadaeconomic policieseconomyinflationUS Federal ReserveWorld
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News Analysis The Bank of Canada’s pause on raising interest rates is in jeopardy due to the likelihood of the U.S. Federal Reserve to keep raising its federal funds rate, economists say. CIBC deputy chief economist Benjamin Tal told The Epoch Times that the BoC can’t “divorce itself” from the Fed for too long. This…

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‘Dangerous Surveillance’: Republican Lawmaker Wants to Ban Federal Reserve From Issuing Digital Currency

February 23, 2023
Business & MarketsCentral Bank Digital Currency (CBDC)digital dollareconomic policieseconomyPolicies & ImpactsUSUS Federal ReserveUS News
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House Majority Whip Tom Emmer (R-Minn.) has introduced legislation that seeks to prevent the Federal Reserve from issuing a central bank digital currency (CBDC), while insisting that a digital equivalent to the dollar must uphold privacy and sovereignty. The “CBDC Anti-Surveillance State Act” prohibits the Federal Reserve from issuing a CBDC directly to an individual….

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Asian Stocks Tumble as Fed’s Latest Rate Hike Triggers Market Fear

December 16, 2022
Asia & PacificAsian stocks.Business & MarketseconomyEuropean Central Bank (ECB)Marketsrate hikestocksUSUS Federal ReserveUS NewsWorld
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Stock markets in Asia tumbled on Dec. 16 as investors anticipated that higher interest rates would persist following the latest rate hikes by the U.S. Federal Reserve and other central banks. The Fed raised its interest rate by 50 basis points on Dec. 14, prompting central banks in Europe, Britain, Switzerland, Denmark, Norway, Mexico, and…

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Hong Kong Economy in Deep Water as Interest Rates Rise in Tandem With China and US Markets

October 3, 2022
Asia & PacificBusiness & MarketsBusiness ColumnistsChinaCPIHK BusinessHong KonginflationUS Federal ReserveWorld
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The economy has been tense all over the world due to fuel and gas price increases, the ongoing war between Russia and Ukraine, and rampant inflation. In response to the high domestic inflation, the U.S. Federal Reserve increased the interest rate five times this year. Since Hong Kong’s system depends on the linked exchange rate…

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‘This Was Coming’: Former State Leader Lambasts Wrong Messaging on Surging Inflation

January 30, 2022
AustraliaBusiness & EconomyCampbell NewmaneconomyinflationInternationalReserve Bank of AustraliaU.S. Federal ReserveUS Federal ReserveWorld
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Former Queensland premier and now-Senate candidate Campbell Newman said it was no surprise that Australia’s official inflation rate released last week was at 3.5 percent and warned lower-to-middle income households would bear the brunt of the increased cost of living. “This was coming. It was quite apparent in February-March last year. The U.S. Federal Reserve…

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