🇺🇸 SUMMARY OF FED CHAIR POWELL'S COMMENTS (4/16/24):

1. Recent data "shows lack of further progress on inflation"
2. Inflation has "introduced new uncertainty" on whether the Fed can cut rates later this year
3. Fed can maintain higher rates for "as long as needed"
4. Recent data has not given greater confidence on inflation
5. Restrictive Fed policy needs more time to work
6. It will likely take longer to "regain confidence" on inflation

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🇷🇺 Russia to grow faster than all advanced economies says IMF

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🚨🚨 JUST IN: RED LOBSTER is in financial trouble due to $11 million loss last quarter from their unlimited shrimp deal.

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🇮🇱 Israel’s Central Bank to Roll Out Sandbox for #CBDC Experiments.

The Bank of Israel is launching a sandbox environment for testing CBDC said in a statement use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications.

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📊 GDP growth forecast for 2024.

🇮🇳 India: 6.8%
🇪🇹 Ethiopia: 6.2%
🇰🇪 Kenya: 5.5%
🇮🇩 Indonesia: 5%
🇨🇳 China: 4.6%
🇳🇬 Nigeria: 3.3%
🇷🇺 Russia: 3.2%
🇹🇷 Turkey: 3.1%
🇪🇬 Egypt: 3%
🇺🇸 US: 2.7%
🇸🇦 Saudi: 2.6%
🇲🇽 Mexico: 2.4%
🇧🇷 Brazil: 2.2%
🇵🇰 Pakistan: 2%
🇪🇸 Spain: 1.9%
🇮🇱 Israel: 1.6%
🇨🇦 Canada: 1.2%
🇯🇵 Japan: 0.9%
🇿🇦 South Africa: 0.9%
🇫🇷 France: 0.7%
🇮🇹 Italy: 0.7%
🇬🇧 UK: 0.5%
🇩🇪 Germany: 0.2%
🇦🇷 Argentina: -2.8%

(IMF)

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🇹🇷 Turkey's Central Bank posted an astonishing $25 billion loss last year

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🇰🇷 South Korea Central Bank Accelerates Plans for #CBDC Rollout.

As reported by Newsway, the bank aims to conduct a pilot program involving 100,000 participants by the end of 2024. This program will assess the functionality of the digital Korean Won in terms of usability and deposit capabilities.

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🇮🇳 Tesla $TSLA CEO Elon Musk is set to announce an investment in India of $2-$3 Billion, mainly for building a new factory, when he visits New Delhi next week to meet Prime Minister Narendra Modi - Reuters

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🚨🚨🚨 Latest List of Layoffs Over Last 4 Months:

1. Twitch: 35% of workforce
2. Hasbro: 20% of workforce
3. Spotify: 17% of workforce
4. Levi's: 15% of workforce
5. Zerox: 15% of workforce
6. Qualtrics: 14% of workforce
7. Wayfair: 13% of workforce
8. Tesla: 10% of workforce
9. Duolingo: 10% of workforce
10. Washington Post: 10% of workforce
11. Snapchat: 10% of workforce
12. eBay: 9% of workforce
13. PayPal: 9% of workforce
14. Business Insider: 8% of workforce
15. Charles Schwab: 6% of workforce
16. Macy's: 4% of workforce
17. Blackrock: 3% of workforce
18. Citigroup: 20,000 employees
19. UPS: 12,000 employees
20. Cisco: "Thousands" of employees

In 2024, we have already seen 74,000 tech layoffs alone with well over 200,000 across all industries.

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🇺🇸 Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025 (CNBC)

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🚨🚨🚨 JUST IN: 🇺🇸 US warned by IMF that its massive fiscal deficits are fuelling inflation and pose 'significant risks' for the global economy - Financial Times

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🚨🚨🚨28 employees entered #Google CEO’s office and threatened to stay there until Google canceled its $1.2 billion contract with the Israeli 🇮🇱government.

Google has FIRED all of them from job.

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🚨🚨🚨 BREAKING: SEC chariman Gary Gensler reportedly going to resign.

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