The CFTC’s Potential Role in Regulating Crypto Markets
The Commodity Futures Trading Commission (CFTC) may soon expand its authority to regulate digital assets, particularly those classified as commodities, such as bitcoin and ether. Fox Business reports that the incoming Trump administration is considering granting the CFTC oversight of...
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Reserve Bank of New Zealand Cuts Rates Again as Inflation Slows
In its November 2024 policy meeting, the Reserve Bank of New Zealand (RBNZ) announced a 50 basis point reduction in its official cash rate (OCR), bringing it down to 4.25%. This marks the third consecutive rate cut this year, underscoring...
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Australia’s CPI Shows Steady Growth in October 2024
Australia’s Consumer Price Index (CPI) rose by 2.1% year-on-year in October 2024, marking a consistent level of inflation for the second consecutive month. This result, however, was slightly lower than the market expectation of 2.3%. Despite this miss, the CPI...
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US Consumer Confidence Index Sees Significant Rise in November 2024
In November 2024, the Conference Board’s US Consumer Confidence Index increased to 111.7, up from 109.6 in October. This 2.1-point rise marks an encouraging shift in consumer sentiment, signaling optimism about the current and future economic landscape. This blog will...
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UK Retail Sales Decline Sharply in November 2024
The UK retail sector experienced a significant downturn in November 2024, with sales volumes dropping by 18%, according to the CBI Distributive Trades Survey. This decline extends the 6% drop reported in October and surpassed market expectations of a 14%...
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Germany’s Economic Outlook: November 2024 Ifo Business Climate Indicator
Germany’s economic sentiment weakened in November 2024, as reflected by the Ifo Business Climate indicator, which dropped to 85.7 from 86.5 in October. This decline came in below the expected figure of 86, signaling growing concerns over the country’s economic...
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Japan’s Economic Outlook: September 2024 Update
Japan’s leading economic indicators index, a key gauge of the nation’s economic health, was revised slightly downward to 109.1 in September 2024 from the preliminary estimate of 109.4. This index is designed to forecast the economic outlook for the coming...
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SEC’s Record-Breaking 2024 Fiscal Year: A Milestone in Market Enforcement
The U.S. Securities and Exchange Commission (SEC) has wrapped up its fiscal year 2024 with historic achievements in enforcement, signaling a strong commitment to market integrity and investor protection. With a record-breaking 583 legal actions and a staggering $8.2 billion...
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New Zealand’s Trade Deficit Narrows in October 2024
New Zealand recorded a trade deficit of NZ$1.5 billion in October 2024, marking an improvement from the NZ$1.7 billion gap reported in the same month last year. This reduction in the deficit reflects a positive shift in the country’s trade...
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US Manufacturing Shows Signs of Slower Decline in November 2024
The latest S&P Global Flash US Manufacturing PMI for November 2024 rose to 48.8, slightly up from 48.5 in October, matching market expectations. While the PMI indicates a continued contraction in the manufacturing sector for the fifth consecutive month, the...
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