Central banks and governments around the world have been implementing expansionary monetary policies, including quantitative easing and low-interest rate policies, to stimulate economic growth. These measures have led to concerns about potential inflationary pressures in the future, which could erode the purchasing power of fiat currencies. As a tangible asset with intrinsic value, gold has been considered a potential safeguard against inflation, as its price has historically tended to rise during times of inflationary pressures.
The global foreign exchange market, with an estimated value of $752.7 billion in 2023, is on a trajectory to reach $1023.91 billion by 2028, growing at a compound annual growth rate of 6.5%. This expansion is attributed to the dynamic roles of reporting dealers who ensure liquidity by continually offering buy and sell prices for […]
President Joe Biden's administration has made another significant move by cancelling $1.2 billion in federal student loans, benefiting over 150,000 borrowers. This action is part of the Saving on a Valuable Education (SAVE) plan, introduced in January, aimed at providing relief to Americans who have been repaying their student loans for at least ten years. […]
In their latest meeting, Federal Reserve officials struck a cautious tone on the prospect of lowering interest rates, emphasizing a balanced approach towards inflation control. Despite acknowledging a significant reduction in inflation from its peak in mid-2022, the highest in over four decades, officials underscored the necessity of more evidence before considering policy easing. The […]
South Africa's inflation rate edged up for the first time in three months this January, primarily driven by escalating fuel and food costs, marking a modest uptick to 5.3% year-over-year from December's 5.1%. This increase, though slight, has inflation continuing to exceed the central bank's preferred midpoint target of 4.5% for nearly three years, suggesting […]
Mortgage demand is dropping as interest rates breached the 7% threshold, marking a significant setback for prospective homebuyers and refinancers alike. Last week witnessed a sharp 10.6% drop in total application volume, as reported by the Mortgage Bankers Association, driven by the steepest interest rate spike since early December. The average rate for a 30-year […]