December 23, 2024
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Global Economic Outlook

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Fed Meeting Today: A Pivotal Moment for the US Economy

Capitalist Money08 mins

Today, September 18th, 2024, marks a pivotal moment for the US economy as the Federal Reserve (Fed) convenes for its highly anticipated Federal Open Market Committee (FOMC) meeting. This gathering holds significant weight as it is widely expected to usher in the first interest rate cut in over four years, a move aimed at bolstering…

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Saudi Arabia Ends Decades-Long Petrodollar Pact

Capitalist Money06 mins

The world is watching as Saudi Arabia, the world’s largest oil exporter, ends its decades-long agreement to sell its oil exclusively in US dollars. This momentous decision marks a potential seismic shift in global currency dynamics, with implications that could ripple through international trade, financial markets, and geopolitical alliances. The Petrodollar System: A Look Back The “petrodollar…

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