Economic Report

Cash flows into the New York Federal Reserve’s reverse repurchase (RRP) facility hit a new record high at $485 billion on Thursday, according to recent reports. The development is increasing the pressure on key interest rates that could decline into the negative territory below zero. The previous all-time high was …

The US dollar received support Thursday, May 27th from a belief that the US Federal Reserve is slowly but steadily moving toward a discussion of monetary tightening, while the yuan hit its highest level in three years. Investors are sharply reducing their purchases of dollars, as they expect the trade …

A recent report showed that the balance sheet of the United States Federal Reserve could peak by next year before declining and then stabilizing in three years. The Fed’s portfolio could reach $9 trillion by the end of 2022, according to recent estimates by the Federal Reserve Bank of New York. …

Oil stabilized today and traded within a narrow range amid optimism about an improvement in fuel demand in the United States, but the possibility of Iranian oil returning to the markets pressures prices. Brent crude rose 14 cents, equivalent to 0.2%, to $ 68.79 a barrel, and US West Texas …

The US dollar stabilized near its lowest level in five months in early trade in London on Wednesday, while the New Zealand dollar rose by more than 1% in light of the country’s central bank hinting at the possibility of a rate hike in September 2022. The dollar index recorded …

The United States Federal Reserve Governor, Lael Brainard, recently voiced her support for a digital dollar. Brainard believes that a central bank-backed cryptocurrency will provide the market with many benefits, especially in terms of providing the under banked with access to financial services, an issue to rising importance following the …

The dollar floated to the bottom of its range recently today, Tuesday, following weaker than expected US data and the Fed officials’ insistence again that policy will not change to subside investor fears that inflation will lead the central bank to raise interest rates. The sterling rose to return to …

A number of news reports and stories by major international media outlets on Monday shined a light on the rising importance of technology companies in the world economy, as well as their intersection with the issues of privacy and political conflicts. In India, the police announced that they visited a …

The dollar settled near its lowest level in three months against a basket of major currencies on Monday, with riskier currencies continuing to benefit from bets on a strong recovery in the global economy. The dollar index hovered around the 90 level, down 0.2% and close to its three-month low …

Goldman Sachs signed that oil prices rise to $80 a barrel in the fourth quarter of this year, explaining that the market has not improved the estimate of recovery in demand, even despite the possible resumption of Iranian crude supplies. “The case for higher oil prices, therefore, remains intact given …