The paper presented by academics at a central bank research conference emphasizes the significant role that Federal Reserve holdings of mortgage bonds play in influencing the economy’s momentum. This role is crucial in how monetary policy affects various aspects of the economy. The Fed’s use of increases and contractions in its holdings of Treasury and
Economy
In recent news, the Canada Industrial Relations Board has ordered a halt to work stoppages at the country’s largest railways, Canadian National Railway (CNR) and Canadian Pacific (CPKC) Kansas City, to put an end to the unprecedented service disruption. This decision comes after Canada requested the intervention of the labor tribunal to resolve an impasse
Turkish banks are facing significant challenges as the country navigates through its economic turnaround. The Chief Executive Officer of Isbank, Hakan Aran, has warned that these challenges will persist well into the next year. The Turkish banking sector is under pressure due to tightening measures by the government to tackle soaring inflation and ensure price
Pavel Durov, the billionaire founder and CEO of the Telegram messaging app, was reportedly arrested at the Bourget airport outside Paris. The investigation that led to his arrest was said to be focused on a lack of moderators on Telegram, which allowed criminal activity to thrive on the platform. These allegations have raised concerns about
Prime Minister Keir Starmer is facing a tough challenge as he tries to fix the many deep-rooted problems facing the United Kingdom. He acknowledges that change will not happen overnight and that tough decisions need to be made to tackle issues such as overflowing prisons and long waiting lists for health services. In a speech
In a shocking turn of events, Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was arrested at the Bourget airport in Paris. This incident, reported by TF1 TV and BFM TV, has left many wondering about the circumstances surrounding Durov’s arrest. Telegram, known for its influence in Russia, Ukraine, and
The recent volatility in the global financial markets has caught the attention of Brazil’s central bank chief, Roberto Campos Neto. He pointed out that the market may be pricing in less room for fiscal and monetary intervention in the future. This is a significant concern as it suggests that the market expects tighter policy measures
Wall Street saw a significant uptick on Friday as the benchmark S&P 500 index edged closer to a record high. The surge in stock indexes followed Federal Reserve Chair Jerome Powell’s remarks at the annual economic conference in Jackson Hole. Powell’s endorsement of imminent policy easing citing risks in the job market and inflation nearing
The recent rail stoppage in Canada, initiated by the two biggest freight rail operators CN and CPKC, has the potential to devastate the country’s economy. Economists and analysts warn that if the stoppage continues for weeks, Canada could see a significant shrinkage in its GDP, leading to job losses and a rise in consumer prices.
The dollar has fallen to its lowest point this year against the euro, with traders anxiously awaiting potential revisions to the U.S. payrolls data. This uncertainty is further compounded by an upcoming speech from Federal Reserve Chair Jerome Powell, adding to the volatility in the market. The pressure on the U.S. currency is evident as
A luxury yacht named Bayesian, carrying 22 people and anchored off the port of Porticello, was struck by a violent storm, resulting in the tragic sinking of the vessel. One person on board lost their life, and six individuals, including British tech entrepreneur Mike Lynch and his daughter, are still missing. Among the missing passengers
Investor confidence is on the rise as anticipation builds for Federal Reserve Chair Jerome Powell’s upcoming speech. Stock markets around the world are showing signs of positivity, with Asian shares reaching a one-month peak and stock futures pointing towards a positive open in London and New York. The possibility of dovish rhetoric from Powell is