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SNB’s Jordan is on the wires after the ECB hike rates by 75 basis points today: ECB 75 basis point rate hike not fully surprising We must ensure price stability over medium-term Gas or power stoppages would have devastating impact on economy’s Exchange rates play a role in inflation , when big central banks act this helps us You should not be surprised that SNB acts independently It is positive for SNB of major central banks normalize It would not create difficulty...

© Keystone / Gaetan Bally Switzerland has a social security network that covers risks in many areas – work, health, family and old age. The Swiss social security system cannot be easily compared with that found in other countries, as it comprises a variety of insurance schemes with very different mechanisms. Its funding is characterised by a relatively low use of tax revenues, a focus on individual pension plans, and the influence of private institutions....

Some experts hold that the key to economic growth is to strengthen the labor market, which is based on the view that because of the reduction in the number of unemployed workers, more individuals can afford to increase spending. As a result, economic growth follows suit. The Expanding Pool of Savings—Not Declining Unemployment—Is the Key for Economic Growth However, the key driver of economic growth is an expanding pool of savings, not the state of the labor market....

This via the folks at eFX. Credit Agricole CIB Research argues that it would be premature for the SNB to resume its intervention against CHF strength around current levels. “We note that the wild fluctuations of global bonds, stocks and exchange rates may make it more difficult for market participants to find a “concrete indication” of FX intervention from the data,” CACIB notes. “We further think that following the hawkish shift of its policy outlook in June, it...

In Deutschland ist das Crypto Mining ohnehin wenig profitabel. Doch durch den explosionsartigen Anstieg der Energiekosten in den letzten Wochen kam es weltweit zu großen Verschiebungen des Mining-Marktes. Crypto News: Energiekrise bremst Crypto Mining ausErst im letzten Jahr erlebten Crypto Miner mit dem Verbot des Minings in China eine intensive Herausforderung. In vielen chinesischen Provinzen wurde das Crypto Mining komplett verboten, so dass China als der...

According to Federal Reserve minutes from last month, Fed officials expressed a willingness to push ahead with a tight interest rate stance to eradicate the inflationary menace. For most commentators, inflation is seen as a general increase in the prices of goods and services, so raising interest rates will soften the increase in prices. The logic here is that a tighter interest rate stance will weaken the demand for goods and services and bring the overall demand in...

Overview: Heightened warnings from Japanese officials has helped the dollar steady against the yen, while the euro hugs parity ahead of the outcome of the ECB meeting, where a 75 bp hike is anticipated. Most Asian equity markets rallied in the wake of yesterday’s gains in the US. China and Hong Kong were notable exceptions. Europe’s Stoxx 600 is practically flat as are US futures. The US 10-year yield is softer, a little below 3.25%, while European benchmark yields...

Business executives are bullish on the prospect of the metaverse, predicting sizeable commercial opportunities in taking part in immersive virtual environments. But despite the high level of interest, industry stakeholders are also growing increasingly concerned over the possible risks brought about the concept. Blockchain analytics and crypto-asset compliance solutions provider Elliptic conducted an online survey of 100 of its customers and crypto and finance...

Dan Oliver of Myrmikan Capital joins Keith and Dickson on the Gold Exchange Podcast to talk about the history of credit bubbles, the inevitability of central bank failings, and what history can tell us about the Fed’s current trajectory. Connect with Dan on Twitter: @Myrmikan and at Myrmikan.com Connect with Keith Weiner and Monetary Metals on Twitter: @RealKeithWeiner@Monetary_Metals [embedded content] Additional Resources CMRE.org Myrmikan.com Gold Backwardation...

07.09.2022 – At its meeting on 7 September 2022, the Federal Council adopted the report on the recording of the gender overall earnings gap and other indicators on gender-specific income differences. It provides new key figures for Switzerland and places them in relation to existing indicators. In addition, the report also offers interpretation aids to help place the results in an economic, social and institutional context. Newly available data sources allow for a...