{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Catherine Mann of the Bank of England expressed concerns that a 100 basis point rate cut over the next year would exacerbate inflation. She opposes this aggressive approach, emphasizing that it does not align with her views on future demand conditions and persistent inflation.
Home sales rose 3.4% in October, reaching an annualized rate of 3.96 million units, marking the first annual increase in over three years. This surge followed a drop in mortgage rates, although current rates have climbed to 7.05%. Inventory increased by 19.1% year-over-year, but tight supply continues to pressure prices, with the median home price at $407,200, up 4% from last year.
South African Reserve Bank Governor Lesetja Kganyago announced that the review of the inflation target, currently set between 3% and 6%, is nearing completion. He indicated that discussions with the Treasury are rigorous, and a timeline for the new target will be provided once the process concludes.
As Donald Trump assembles a foreign-policy team filled with China hawks, understanding the evolving dynamics of U.S.-China relations is crucial. With a weakened Chinese economy, rising tensions over Taiwan and the South China Sea, and the global impact of the Ukraine war, new strategies must consider Xi Jinping's motivations and the risks he is willing to take.
European Central Bank Governing Council member Robert Holzmann emphasized the need for a restrictive monetary policy due to persistent inflation risks. He noted that strong wage gains and geopolitical tensions threaten price stability, making a return to the 2% inflation target uncertain. While a December interest-rate cut seems likely, it is not guaranteed.
South Africa's central bank has implemented a cautious quarter-point interest rate cut, reducing the benchmark rate to 7.75%. This marks the second consecutive meeting with a rate decrease, as policymakers indicate that further cuts may be possible, although the economic outlook remains highly uncertain. Governor Lesetja Kganyago confirmed that the decision aligns with the expectations of economists surveyed.
In 2025, tensions may arise between President Trump and Federal Reserve Chair Jerome Powell over interest rates, particularly if inflation rises due to Trump's expansionary fiscal policies. While Trump may push for lower rates, the Fed's traditional approach could lead to conflicts, especially as Powell's term ends in 2026. Economic impacts from Trump's policies may take time to manifest, potentially delaying any Fed response.
Marico anticipates that urban consumption will take at least six months to recover, as food inflation reaches a 15-month high of 10.87%. The company's CEO, Saugata Gupta, noted that while the sector faces challenges, a recovery is expected once food inflation stabilizes.
The Indian rupee fell to a record low of 84.5013 against the US dollar on November 21, driven by Foreign Portfolio Investors' (FPI) selling and a strong dollar index. Analysts suggest that ongoing dollar demand and higher US interest rates are prompting FPIs to withdraw funds, although the Reserve Bank of India’s interventions and healthy foreign exchange reserves may help stabilize the currency.
Bitcoin is nearing the $100,000 mark, driven by optimism over a more favorable U.S. regulatory environment for cryptocurrencies under President-elect Donald Trump. Prices surged past $98,000 during European trading, reflecting a 40% increase in just two weeks since the election. Analysts note that while the market is in overbought territory, the momentum is pushing Bitcoin closer to the $100k level.
Central Bank Actions
SubCategory
16:54 21.11.2024
United States Dollar
National Association of Realtors
Redfin Corporation
Mortgage News Daily
USA
Lawrence Yun
Chen Zhao
Show more
16:00 21.11.2024
15:11 21.11.2024
14:52 21.11.2024
14:37 21.11.2024
14:08 21.11.2024
United States Dollar
CME Group Inc.
Moody’s Analytics
RSM
SMBC Nikko Securities Inc.
USA
Michelle Bowman
Joseph A. Lavorgna
Donald Trump
Joseph Brusuelas
Jerome Powell
Mark Zandi
Show more
13:37 21.11.2024
13:17 21.11.2024
13:11 21.11.2024
12:39 21.11.2024
Trending
Subcategory:
Cryptocurrency Markets
Stock Market Updates
Cryptocurrency Trends
Central Bank Actions
Cryptocurrency & Blockchain Regulations
Market Sentiment Analysis
Inflation Rates & CPI Data
Corporate Responsibility & ESG
Banking Regulations
Decentralized Finance (DeFi) Innovations
Cryptocurrency Regulations
SEC & Financial Compliance
Tokenomics and Crypto Economics
Blockchain Technology Adoption
Mergers & Acquisitions
Anti-Money Laundering (AML) Regulations
Real Estate Investments
Market Analysis and Predictions
Banking & Investment Regulations
Venture Capital
Countries:
Companies:
Currencies:
People:
Coinbase Global, Inc.
Solana USD
Ripples USD
Apple Inc.
MicroStrategy Inc
JPMorgan Chase & Co.
BlackRock, Inc.
Chainlink USD
Grayscale Litecoin Trust
NVIDIA Corporation
Bitwise Bitcoin ETF
Intesa Sanpaolo
VanEck Vietnam ETF
Ethereum USD
Tether USDt CNY
KB Home
Cardano USD
UBS Group AG
Fidelity Contrafund
VanEck Bitcoin ETF
United States Dollar
Euro
Swiss Franc
Chinese Yuan
British Pound Sterling
Canadian Dollar
Indian Rupee
Japanese Yen
Hong Kong Dollar
Australian Dollar
South Korean Won
Swedish Krona
Thai Baht
Danish Krone
Mongolian Tögrög
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.