economic recovery – DIGIT INFO

City of Santa Monica launches Bitcoin Office, plans October festival

DIGIT — Fri, 09 Aug 2024 20:46:20 +0000

The “Silicon Beach” wants to make sure Bitcoin has a place there, with help from a blue-collar-oriented nonprofit.

China’s Inflation Rate Drops to Lowest in 18 Months

DIGIT — Tue, 11 Apr 2023 23:04:56 +0000

The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates suggesting they will remain unchanged. Post Zero-Covid Policy Inflation in China Eases Further China’s […]

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Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025

DIGIT — Wed, 22 Mar 2023 19:05:17 +0000

Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run.
Fed Raises Rate Despite Calamity in the U.S. Banking Sector
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All Eyes on the Next Fed Meeting: Market Trajectories Hinge on Decision

DIGIT — Sat, 21 Jan 2023 22:30:33 +0000

Equities, precious metals, and cryptocurrencies have been on a tear during the last three weeks of 2023, and all eyes are now focused on the next Federal Open Market Committee (FOMC) meeting, which is 11 days away. On Friday, Federal Reserve governor Christopher Waller said that he favors a quarter-point benchmark rate increase at the […]

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World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

DIGIT — Wed, 11 Jan 2023 05:30:55 +0000

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024. […]

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Bank of Russia Exposes Nearly 150 Financial Pyramid Scams, Fraudsters Exploit Crypto Craze

DIGIT — Fri, 30 Jul 2021 12:30:20 +0000

The Central Bank of Russia (CBR) has identified 146 financial pyramid schemes in only six months this year. Fraudsters often lure people with weak financial literacy into investment scams linked to cryptocurrencies or crypto mining operations. Pyramid Schemes Thrive Amid Rising Investment Demand, Bank of Russia Says The number of financial pyramid scams uncovered by […]

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Trump Predicts US Economy to Recover by 2021 — Fed Chair, Economists Disagree

DIGIT — Sun, 07 Jun 2020 20:05:52 +0000

President Donald Trump has predicted that the US economy will recover by 2021, citing new jobs data released by the Labor Department which contains a “misclassification error.” Officials say the numbers are artificially low, and Federal Reserve Chairman Jerome Powell and several economists have voiced their concerns. Trump Thinks US Economy Will Recover Next Year […]

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US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus

DIGIT — Wed, 03 Jun 2020 17:45:20 +0000

The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in energy prices, and recent legislation. Decade-Long Recovery Costing $8 Trillion The U.S. Congressional Budget Office […]

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