On March 21, the Federal Open Market Committee (FOMC) of the US Federal Reserve Board under its new chairman, Jerome Powell, raised benchmark interest rates, or the target for the federal funds rate, by 25 basis points to 1.5-1.75 percent
This year will decide Britain’s future in the eurozone. To understand how the eurozone-UK Brexit negotiations will impact nations and businesses, the outcome of the talks, which are already in an advanced stage
Aligning with market expectations, the Bank of Canada (BoC) left its benchmark interest rate unchanged at 1.25 percent and the deposit rate at 1.0 percent, following the conclusion of its monetary-policy meeting on May 30.
It’s been the year of the bitcoin bloodbath, as crypto-carnage reached new highs with bitcoins and the other well-known names in digital-currency markets extending a freefall. Likewise, Ethereum, Litecoin, Bitcoin Cash and Ripple followed a similar pattern in February of this year.
Investors are hopping on to the cryptocurrency bandwagon, with reports of cryptocurrency mining and the bitcoin fork coming out. Will the cryptocurrency prove its mettle, or is it just a designer currency that is a passing fad?
If cryptocurrencies were to be branded as the most recent addition to the existing financial instruments, they would effortlessly take over the podium as the best-performing asset class in 2017.
In March 2018, US President Donald J. Trump announced across-the-board tariffs on steel and aluminum imports, with a 25-percent import tariff on steel and 10-percent on aluminum.
WTI (West Texas Intermediate) crude-oil futures slipped after failing to breach the more than four-year highs of $66.66 per barrel set in January of this year.