Author: Sebastian Montague

The prestigious Economic Symposium, convened annually by the Federal Reserve Bank of Kansas City, is slated for its forthcoming assembly from Thursday to Saturday, taking place amidst the natural splendour of Jackson Lake Lodge, located within the vast expanses of Grand Teton National Park in Wyoming. At the core of this summit, the spotlight invariably falls on the Federal Reserve Chair Jerome Powell, whose address is eagerly anticipated. Scheduled for Friday at 10:00 AM ET, Powell’s oration this year is branded under the theme “Economic Outlook and Framework Review”. Given the mounting speculation around the Federal Reserve’s policy trajectory, Powell’s…

The digital currency landscape has once again gripped the financial world’s focus, with Bitcoin finding itself in the midst of a significant correction after recently setting a dazzling new record high. Last week, the cryptocurrency titan soared to unprecedented heights, striking a breathtaking peak of $124,527. This remarkable milestone, however, was swiftly followed by a decline, with the price retreating to the vicinity of $112,000 – $113,000. This recent downturn has ignited a flurry of speculation and inquiry among investors: Is this recent drop merely a temporary hiccup in Bitcoin’s otherwise upward trajectory, or does it signify the dawn of…

In the world of finance this week, the US dollar has experienced a notable yet understated ascendance, achieving gains not through dramatic leaps but via a consistent strengthening that might catch some by surprise. This phenomenon can be attributed, in part, to a closing of positions in anticipation of the Jackson Hole Symposium, but it goes beyond that. The dollar seems to be edging back into its traditional haven role, emerging as a beacon of stability in times when equity markets stutter and commodities lose their lustre, regardless of whether financial analysts concur with this sentiment. Over in Europe, the…