An extended period of higher interest rates has the potential to increase borrowing costs for consumers, which could ultimately impact disposable income. As borrowing costs rise, individuals may have less money available for discretionary spending, leading to a decrease in overall consumer spending. In addition to affecting disposable income, a prolonged increase in interest rates
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President Joe Biden is making moves to rejuvenate the interest in a plan to establish the first high-speed rail system in the United States, using the technology of Japanese bullet trains. This initiative is reported to be among the topics of discussion when he meets with Japan’s Prime Minister Fumio Kishida in Washington this week.
The Japanese yen is currently facing a significant decline against the US dollar, as evidenced by the USD/JPY pair hovering around 151.88 on Tuesday. This decline is happening despite the instability of the US dollar, largely due to fluctuations in Treasury bond yields. Market participants are exercising caution as the USD/JPY pair approaches levels that
Bank of Japan Governor Kazuao Ueda has made recent comments on the inflation and policy outlook, emphasizing the importance of monitoring data to gauge if trend inflation will accelerate towards the 2% target. One crucial factor that will be examined is whether the pay raises agreed upon during annual wage negotiations will translate into actual
President Joe Biden recently unveiled plans to provide relief to millions of Americans burdened with student debt. The proposed measures, announced in Madison, Wisconsin, aim to cancel up to $20,000 of interest for borrowers, benefitting at least 23 million individuals. This move comes as Biden seeks support from young voters in his bid for re-election
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The upcoming halving event for Bitcoin, expected to occur on April 19-20, has generated excitement among cryptocurrency enthusiasts. The reduction in block mining rewards is projected to make Bitcoin mining less profitable, ultimately leading to a decrease in the coin supply. This, in turn, could potentially drive up the BTC/USD price as demand remains constant.
Jamie Dimon, the CEO and chairman of JPMorgan Chase, recently expressed his strong belief in the profound impact that artificial intelligence (AI) will have on society. In his annual letter to shareholders, Dimon prioritized AI as a major topic, highlighting its potential implications for the largest U.S. bank by assets. Despite uncertainties about the exact
The Japanese Yen (JPY) has been facing downward pressure for the second consecutive day, influenced by various factors. The cautious approach adopted by the Bank of Japan (BoJ) towards further policy tightening is a significant driver behind the Yen’s weakness. Additionally, softer domestic data, such as the decline in real wages in Japan, has contributed
The CEO of the blockchain startup Ripple, Brad Garlinghouse, is making bold predictions about the future of the cryptocurrency market. According to Garlinghouse, he sees the combined market capitalization of the cryptocurrency market reaching $5 trillion by the end of this year. This optimistic outlook is based on various macro factors, including the approval of
The recent US data has sparked a hawkish repricing in rates, with Fed funds futures now almost fully priced in for a July cut of -24bps. This comes as no surprise given the strength of the US economy, which boasts strong job growth, low unemployment, resilient economic activity, and ISM manufacturing and services PMIs in