Topics Columnists

Trending Topics

Russia-Ukraine Conflict

The war between Russia and Ukraine continues, and it is difficult for the two sides to reach an agreement in negotiations. Western countries have imposed several rounds of sanctions on Russia. The outlook is unpredictable.

Situation in Taiwan Strait

Pelosi's visit to Taiwan has led to an escalation of tensions in the Taiwan Strait. Chinese Foreign Ministry spokesperson Hua Chunying said that the U.S. side and the "Taiwan independence" separatist forces colluded to provoke China, which is the fundamental reason for the tensions in the Taiwan Strait.

The Fed

The Federal Reserve (Fed), or the central bank of the United States, is responsible for regulating the U.S. monetary policy and interest rates. As a provider of liquidity for world trade, the Fed is also known as the world's central bank. Its every move affects the global economy and financial markets.

China-U.S. Relations

Focus on Pelosi's Taiwan Visit ! How will China-U.S. relations develop in the future, win-win cooperation or confrontation?

Top Columnists

FastBull Featured

The latest breaking news and the global financial events.

FastBull

Hi there! Are you ready to get involved into the financial world?

Devin Wang

I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.

Winkelmann

7 years of stock market, foreign exchange, precious metal and other trading and analysis experience, based on fundamental, technical support, biased towards the top-down transaction logic, focusing on macro cycle and risk control, multi-purpose supply and demand theoretical prediction price Changes, balances the impact of transactions, chips distribution and market sentiment, and steady.

Trading AcademyTradersDaniel Market Outlook

Latest Update

LUNA 1.2% Tax Burn Officially Is Here On-Chain! How Much Its Total Supply Has Dropped ?

Terra LUNA 1.2% tax burn mechanism was implement, More than 80 million of tokens were burned on the first day. Other cryptocurrency also will implement the 1.2% tax burn. What will happen to the Crypto Market?

[SPECIAL]How To Borrow And Lend Crypto?

In the DeFi world, borrowing and lending activities are accessible to everyone. You just need to use your crypto as collateral, the collateralized crypto will remain untouched, and its value can continue to grow over time. The next step is to choose a lending protocol, let's talk about it.

Ether Prices Tanked 27% since Sept. 10. Are there anything else I can hope for?

Ethereum has dropped more than 27% since the Merge, Goldman Sachs hedge fund manager Raoul Pal predicted that there will be a supply shock and a demand shock for Ether, and Ether will eventually outperform Bitcoin. What do you think of this view?

[SPECIAL]What are stablecoins? Are they truly stable?

what are the tokens that are safe to be kept as real cash in your wallet? What are stablecoins? Are they truly stable? Let's talk about it.

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Asset Correlation

Popular Indicators

Trading Signals

Recommended Signals

Recent Searches
    Trending Searches
      Quotes
      7x24

      View All

      No data

      English
      • English
      • 简体中文
      • 繁體中文
      邀请好友，获取现金奖励！

      Historic Tax Cuts and Borrowing Define Britain's New Economic Agenda

      Damon
      Summary:

      Britain's new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets, with British government bonds in freefall.

      Britain's new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets, with British government bonds in freefall.
      Kwarteng scrapped the country's top rate of income tax and for the first time put a price tag on the spending plans of Prime Minister Liz Truss, who wants to double Britain's rate of economic growth.
      Investors unloaded short-dated British government bonds as fast as they could, with 2-year gilts on track for their biggest one-day fall since at least 2009, as Britain raised its debt issuance plans for the current financial year by 72.4 billion pounds ($81 billion).
      Support for household energy bills announced by Truss will cost 60 billion pounds for the next six months, Kwarteng said. Tax cuts would cost a further 45 billion pounds, he said.
      The pound fell to a new 37-year low against the dollar of $1.1148 as Kwarteng updated parliament.
      "Our plan is to expand the supply side of the economy through tax incentives and reform," Kwarteng said.
      "That is how we will compete successfully with dynamic economies around the world. That is how we will turn the vicious cycle of stagnation into a virtuous cycle of growth."
      The opposition Labour Party said the plans were a "desperate gamble."
      The Institute for Fiscal Studies said the tax cuts were the largest since the budget of 1972 – which is widely remembered as ending in disaster because of its inflationary effect.
      The market backdrop could barely be more hostile for Kwarteng, with the pound performing worse against the dollar than almost any other major currency.
      Much of the decline reflects the U.S. Federal Reserve's rapid interest rate rises to tame inflation – which have sent markets into a tailspin – but some investors are also wary about Truss's willingness to borrow big to fund growth.
      Asked on Friday how Britain would fund its spending while cutting taxes, one cabinet minister said that economic growth was the answer.
      A Reuters poll this week showed 55% of the international banks and economic consultancies that were polled judged British assets were at a high risk of a sharp loss of confidence.
      Consumer morale figures on Friday underlined the challenge facing Kwarteng, with the mood among households falling to its lowest ebb since records began in 1974.
      On Thursday the Bank of England said Truss's energy price cap would limit inflation in the short term but that government stimulus was likely to boost inflation pressures further out, at a time when it is battling inflation near a 40-year high.
      Despite the extensive tax and spending measures, the government had decided against publishing new growth and borrowing forecasts from the Office for Budget Responsibility, a government watchdog, until a formal budget later this year.
      Kwarteng confirmed the OBR will publish its full forecasts later this year.
      "Fiscal responsibility is essential for economic confidence, and it is a path we remain committed to," he said.
      ($1 = 0.8872 pounds)

      Source: Reuters

      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or signal, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick Access to AI News

      Quick Access to Editor-selected News

      Full Access to Pro Video Channel

      FastBull project team is dedicated to create exclusive videos

      Real-Time Quotes

      Market quotes in the free version update every 3 seconds. Market quotes in the paid version update in real-time.

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      Real Time Quotes
        Economic Calendar
        • Economic Calendar
        • Events
        • Holiday
        Policy Rates
        BANKS ACT (%) PREV (%) CPI(%)
        TelegramInstagramApp StoreApp StoreGoogle Play
        Copyright © Fastbull Ltd
        Home News Columns AI News Economic Calendar Quotes Videos Data WarehouseAnalysis AI Signals Pro User Agreement Privacy Policy About Us

        Risk Disclosure

        The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

        No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

        Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.