Some 41% of central banks that participated in the Official Monetary and Financial Institutions Forum (OMFIF) study said they expect to have an operational central bank digital currency (CBDC) by 2028. The survey found that the sentiment towards CBDCs is turning positive with 30% of the respondents having become more inclined to issue a digital […]
Russian President Vladimir Putin has stated that the Western financial system is “clearly becoming obsolete.” Furthermore, he said solutions involving blockchain and central bank digital currencies (CBDCs) “will pave the way for revolutionary shifts that will deprive the major Western banks of their monopoly.” Putin on Western Financial System Russian President Vladimir Putin shared his […]
On Wednesday, following the market’s closure, major U.S. indices concluded the day unchanged, coming off a rise the previous day. This surge was influenced by the dovish remarks made on Tuesday by Federal Reserve Governor Christopher Waller. Observers of the market infer that Waller’s comments indicate a potential shift in the stance of the U.S. […]
Bill Gross, revered as Wall Street’s ‘Bond King,’ foresees a recession clouding the U.S. economy by the year’s final quarter. He pinpoints the burgeoning issue of overdue car payments and the financial strains beleaguering regional banks as catalysts for the impending economic slump. Bill Gross Foresees Economic Clouds on the Horizon On Tuesday, October 24, […]
Major U.S. investment banks are urging caution and flexibility as the crisis sparked by a surprise Hamas attack on Israel earlier this month continues to evolve. Analyst notes from JPMorgan and Morgan Stanley provide insight into how Wall Street is interpreting events on the ground and potential impacts on global markets. Morgan Stanley Market Analyst […]