Introduction to Demonetization
Most paper money today is fiat currency, meaning it has value because users have faith in the government backing it—not in the...
Introduction to Monetary Policy
The United Kingdom's monetary policy underwent a significant change in August 2024, with the first reduction in the official bank base...
Economic News and Developments
The Federal Reserve, the central bank of the United States, is facing deep divisions among its officials as they consider their...
Federal Reserve Considers Cutting Interest Rates
The US central bank, Federal Reserve, is considering cutting interest rates as early as next month. This suggestion was...
Introduction to the Federal Reserve's Decision
The Federal Reserve, also known as the Fed, has decided to keep its policy rate steady for the fourth...