Key facts: Rates in the United States are expected to fall to 5.25%. A larger-than-expected rate cut could be bearish for markets, analysts say. The day that the markets have been waiting for, including the Bitcoin (BTC) and cryptocurrency markets, has arrived. Today, the FOMC, the body in charge of monetary policy of the Federal … Read more
Key facts: “Now is the time to move quickly with rate cuts,” politicians say. Senators warn that delays in rate cuts have “threatened” the economy. US Senators Elizabeth Warren, Sheldon Whitehouse and John Hickenlooper sent a letter to Federal Reserve Chairman Jerome Powell urging an immediate 75 basis point reduction in interest rates. “Now is … Read more
Circle announced today that its stablecoin, USD Coin (USDC), is now available in Brazil and Mexico through the national real-time payment systems, PIX and SPEI, respectively. This integration allows direct access to USDC using local currency, reals in Brazil and pesos in Mexico, without the need to first convert to US dollars. According to the … Read more
The US Federal Reserve (Fed) is at a critical point. The decision on the adjustment of interest rates, scheduled for September 18, has sparked intense debate among economists. Neil Dutta, head of economics at Renaissance Macro, argues that a cut of just 25 basis points in interest rates could have adverse consequences. “Unless something changes, … Read more
Key facts: Although inflation in August grew less than expected, the economy is “not out of danger.” The head of the largest US bank fears the country is sliding into stagflation. Jamie Dimon, CEO of US banking giant JPMorgan Chase, fears the “worst outcome” for America’s economic future beyond recession. The executive spoke about the … Read more
Key facts: Bukele promises not to issue more debt, although he did not explain what measures he will take or what the role of BTC will be. “We are not even going to lend money to pay the interest on the debts we inherited.” “On September 30, we will present to the Legislative Assembly, for … Read more
Key facts: Markets are pricing in cuts like those in past recessions, the agency says. Analysts are predicting a rate cut of just 25 basis points. BlackRock Investment Institute has issued a note stating that the US Federal Reserve (FED) will not follow market expectations regarding interest rate cuts. Although markets are pricing in deep … Read more
Key facts: Lacalle invites us to understand how the increase in the deficit impoverishes citizens. Europeans face an uncertain and expensive future, says Marc Vidal. “It is essential to prepare for the monetary destruction that is coming, which is much greater than what we have experienced in previous years,” warns economist Daniel Lacalle. The Spanish … Read more
Key facts: Saudi Arabia to accept yuan in oil trade, challenging dollar dominance China is moving forward with its strategy to increase the use of the yuan in global transactions. Although the dollar’s dominance remains firm globally, the changes highlight that a process of transformation of the global financial system is underway, in which China … Read more
American economist Peter Schiff and Jack Mallers, CEO of Strike, discussed the advantages and disadvantages that bitcoin (BTC) or gold can offer to protect people’s wealth. This in the face of an eventual collapse of the dollar, the currency that for years has maintained dominance as the world’s reserve currency. Mallers and Schiff have different … Read more