Americans Lose Confidence in Biden, Powell, and Yellen’s Economic Policies

Americans Lose Confidence in Biden, Powell, and Yellen's Economic Policies

The Gallup poll shows that Americans lack confidence in Biden, Powell, and Yellen’s economic policies. With the threat of a recession looming and chronic inflation, the leaders’ approval ratings have taken a hit. While the April jobs report indicates that the economy is nowhere near a recession, the report could impact the Fed’s inflation strategy. As the nation approaches a potential default on the federal debt, Americans’ confidence in the government’s ability to manage the economy has further decreased.

White House Wants Crypto Rules as a Matter of National Security

As a matter of national security, the White House wants crypto rules. According to various sources, the White House intends to establish a unified set of laws to govern Bitcoin and cryptocurrencies, as present legislation and enforcement are dispersed among industries and agencies. Bloomberg originally reported that the Biden administration will issue an executive order […]

Things to Watch Ahead in the Market this Week | Forex Traders Market Watch

Investors trying to gauge the inflation threat will keep a close eye on Thursday’s U.S. consumer price data, amid concerns that rising inflation could prompt the Federal Reserve to begin pulling back on stimulus. Markets will also be monitoring the progress of President Joe Biden’s proposed $1.7 trillion infrastructure plan, which has already boosted the […]

Joe Biden and Xi Jinping spoke for the first time since U.S. Election

U.S. President Joe Biden and his Chinese counterpart Xi Jinping spoke for the first time since the U.S. election.  According to a White House statement, Biden raised his “fundamental concerns” about Beijing’s “coercive and unfair economic practices, crackdown in Hong Kong, human rights abuses in Xinjiang, and increasingly assertive actions in the region, including toward […]

President Biden is boosting Vaccine allotments, Freeing up more doses for States

Asian currencies mostly weaken against USD, as improved economic prospects for the U.S. versus the rest of the world increase the appeal of USD-denominated assets. The USD‘s outperformance reflects the better near-term outlook for the U.S. economy compared to the Eurozone and Japan, partly due to the faster rate of Covid-19 vaccinations in the United States of America. […]