Category: digital yuan

Fed Holds Interest Rates Near Zero, Expects Temporary Rise in Inflation

WASHINGTON— The Federal Reserve announced on April 28 that it would keep U.S. interest rates near zero as the pandemic “continues to weigh on the economy.” The Fed officials expect a temporary spike in inflation due to strong consumer spending as the economy continues to reopen. Following a two-day meeting of the Federal Open Market Committee (FOMC), the…


NTD Business Full Broadcast (April 8)

As the U.S. goes full-speed ahead with money printing, China wants its banks to cut back on lending. Will people start investing in China instead? With rates so low, it has almost never been cheaper to borrow money. NTD speaks to a businessman whose unique business strategy has helped many entrepreneurs, and he says it…