Gold Silver Reports – Exactly a year ago, post-independence India’s most ambitious and disruptive economic measure, demonetisation, was switched on. It’s also four months into the launch of the country’s most ambitious tax reform: the goods and services tax (GST).
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Fed’s Williams Lays Out Case for Considering Price Level Target
Gold Silver Reports – Fed’s Williams Lays Out Case for Considering Price Level Target – In a world where the underlying growth potential of the economy is hard to pin down, targeting a price level — rather than a precise, 2 percent inflation goal — could be effective, Federal Reserve Bank of San Francisco President John Williams argues in new research.
India to be High Middle Income Economy by 2047: World Bank CEO
Gold Silver Reports – Days after it gave India a 30 place jump in its ease of doing business ranking, the World Bank Saturday said the goods and services tax (GST) and reforms push by the government will catapult the country to high middle income economy in 30 years.
Jerome Powell Brings Continuity and Experience at US Fed
Gold Silver Reports – US President Donald Trump’s choice of Jerome Powell to lead the Federal Reserve is a very wise decision that will be welcomed by markets. It brings a highly-respected, well-informed and experienced professional to the helm of the world’s most powerful central bank.
U.S. Adds 261,000 Jobs as Hurricane Effect Reverses; Pay Stalls
Gold Silver Reports – U.S. employers added the most workers in a year, rebounding from September’s slowdown, as people resumed work after hurricanes Harvey and Irma, Labor Department figures showed Friday. The jobless rate fell to the lowest since 2000 while wages stalled.
Bank of England Hikes Rates
Gold Silver Reports – Bank of England Hikes Rates – The Bank of England raised interest rates for the first time in more than 10 years on Thursday and said it expected only “very gradual“ further increases over the next three years.
Donald Trump Nominates Fed’s Jerome Powell to Lead US Central Bank
