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The Atlanta Fed’s GDP Tracker is projecting annual growth of 2.7% in the first quarter despite the onset of coronavirus. If the forecast holds, it would mark the highest rate of expansion for the U.S. economy since Q1 2019. Fed prognosticators are notoriously bad at predicting the future. Their
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Dow Jones Industrial Average (DJIA) futures point to a stock market open near all-time highs. Traders are seemingly ignoring the Federal Reserve’s own recession indicator as the yield curve inverts again. Fed chairman Jerome Powell is expected to “sound upbeat” in a testimony today. The S&P 500 and Nasdaq
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Sharing is caring!Vancouver-based BIGG Digital Assets Inc. owner of leading developer of Blockchain technology search, risk-scoring and data analytics solution Blockchain Intelligence Group has closed a 5-year deal with a United States Federal Government agency valued at CAD USD$540,000 to deliver QLUE licenses. BIGG will not name the specific agency
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Robert Kiyosaki — author of the 32 million-copy bestseller Rich Dad Poor Dad — has taken a coy stance on Bitcoin’s David and Goliath-like battle with the Fed.Kisoyaki — whose book has reportedly sold 32 million copies across 40 countries and has a reported net worth of $80 million
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Patrick Harker, president of the Federal Reserve Bank of Philadelphia, is confident that central bank digital currencies are inevitable.As Reuters reported on Oct. 2, Harker expressed the idea that central banks — including the Federal Reserve — will inevitably release digital currencies. Still, Harker believes that the United States should
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