Economy

In a recent legal battle, a federal appeals court extended an order blocking President Joe Biden’s administration from implementing a student debt relief plan aimed at reducing monthly payments for borrowers and expediting loan forgiveness for some. This decision came in response to a request by seven Republican-led states to halt the implementation of the
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In recent news, it has been reported that Indian automaker Mahindra & Mahindra and China’s Shaanxi Automobile Group are considering a joint venture to establish a car manufacturing plant in India. This $3 billion investment is currently awaiting approval from the Indian government, particularly Prime Minister Narendra Modi’s administration. Despite the initial excitement and anticipation
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Federal Reserve Governor Michelle Bowman recently expressed a slightly softer stance on inflation, acknowledging some welcome progress in recent months. Despite this, she emphasized that inflation remains uncomfortably above the central bank’s 2% goal and is subject to upside risks. Bowman indicated that if inflation continues to move sustainably towards the 2% target, it may
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Republican presidential candidate Donald Trump has made it clear that he is interested in infringing on the Federal Reserve’s independence if he is elected president once again. The former president believes that the president should have a say in Fed decisions, going against the idea of an independent Federal Reserve. This contradicts Vice President Kamala
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The dollar has experienced fluctuations this week against other major currencies, easing off a one-week high in response to recent economic data. The U.S. currency faced downward pressure against the Japanese yen following a rebound, as traders reacted to firmer-than-expected employment figures and the possibility of a looming economic downturn. The yen and the Swiss
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In a recent development, the Reserve Bank of India (RBI) decided to keep its key interest rate unchanged, which was in line with market expectations. The Monetary Policy Committee (MPC) voted to retain the repo rate at 6.50%, marking the ninth consecutive policy meeting where the rate remained the same. This decision was supported by
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The recent burst of volatility in financial markets has once again highlighted the inherent risks of speculative trading strategies that rely on low volatility environments. While these trades can be highly profitable in the short term, they are also extremely vulnerable to sudden spikes in volatility, which can lead to significant losses and potential market
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The recent statements by the Bank of Japan’s influential deputy governor, Shinichi Uchida, have highlighted the central bank’s cautious approach towards interest rate hikes. Contrary to Governor Kazuo Ueda’s hawkish comments, Uchida emphasized the importance of stability in financial markets before considering any further increases in borrowing costs. This divergence in views between the two
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