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Shocking Rate Cut Predictions: How Your Wallet Will Feel the Impact!

Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2018. He was sworn in on May 23, 2022 for a second term as Chair ending May 15, 2026. Powell served as an assistant secretary and as undersecretary of the Treasury under President George H.W. Bush. There, he was responsible for policy on financial institutions, the Treasury debt market, and related areas. Before joining the administration, he worked as a lawyer and investment banker in New York City.

The “Global Forex and Fixed Income Roundup: Market Talk” on February 9, 2024, presents a comprehensive overview of the latest developments in the forex and fixed income markets, providing insights into economic indicators, central bank policies, and market sentiment across various regions. Canadian Employment Data and Bank of Canada Rate Cut Expectations: The report starts […]

There’s a Tax Season Villain, and It’s Not the I.R.S. | NYT Opinion (The New York Times)

Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and country to country, facilitating trade, and it is the principal measure of wealth.

The Complex World of Tax Filing: A Comparison of Systems Taxes are an unavoidable part of life in most countries around the world. How governments collect taxes, however, can vary significantly. In some countries, like the Netherlands, Japan, and New Zealand, the process is relatively straightforward and user-friendly, with the government providing free internet portals […]

S&P 500 Nearly Breaks the Internet with Historic 5,000 Peak!

Market Update - Daniel Ang The Accidental Trader Traders Academy International 7

Market Overview The S&P 500 exhibited a remarkable performance, momentarily breaching the 5,000 level, demonstrating investor optimism and strong corporate earnings. A significant majority of the companies in the S&P 500 have exceeded earnings expectations. However, the index’s valuation is notably influenced by the disproportionately high weighting of the ‘Magnificent Seven’ mega-cap stocks, which command […]