In an ambitious effort to stimulate consumption, the Chinese government has introduced a trade-in policy aimed at encouraging consumers to upgrade their household goods and equipment. Announced in July, this initiative involves allocating an impressive 300 billion yuan (approximately $41.5 billion) via ultra-long special government bonds. A sizeable portion of this funding is designed to
Ramayanam
Wealth managers utilize cash sweep programs to transfer uninvested cash in brokerage accounts to partner banks, allowing clients to earn returns on idle funds. However, these programs have come under scrutiny due to disputes surrounding the interest rates paid by partner banks, which are often lower than alternative options such as money market funds. Recent
The Greenback, represented by the USD Index (DXY), faced continued selling pressure in the market as US inflation data pointed towards a downward trend in July’s CPI numbers. This led to the USD Index dropping to multi-day lows near 102.30, highlighting the persisting disinflationary pressures in the US economy. Looking ahead to August 15, a
Central Banks play a crucial role in maintaining price stability within a country or region. The constant fluctuation of prices for goods and services can lead to inflation or deflation. The main objective of central banks such as the US Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of England (BoE) is
The recent statements by U.S. Vice President Kamala Harris regarding the independence of the Federal Reserve have sparked discussions about the role of politics in central bank decisions. Harris made it clear that if she were to become president, she would not interfere in the Fed’s decision-making process. This stands in stark contrast to former
Delta Air Lines faced a significant challenge recently with more than 6,000 flight cancellations since Friday. However, the airline reported a significant improvement in its operations on Wednesday, with only 47 flights canceled – representing just 1% of its total flights. This positive development indicates that Delta is on track to return to normalcy after