Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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The main events by the morning: December 20


December, 20 2024
watermark Economic news

  • There is a new crisis in the United States: the government is on the verge of a shutdown due to the failure of the funding bill. Republicans proposed a document that was supported by only 174 members of the House of Representatives, while 235 opposed it. If the bill had been approved, the federal government would have received funds to work until March 2025, and the debt ceiling would have been suspended until January 2027.


  • The International Monetary Fund believes that the Russian economy is growing due to the rapid growth of wages. The Director of Communications of the foundation noted that the growth of the Russian economy is due to strong private consumption, supported by a tough labor market and rapid wage growth. Corporate investments also play an important role.


  • Sanctions against Russia have led to an increase in business tourism. Already, almost 20% of business trips are to foreign destinations, the leaders among which are China and the UAE. Next year, the number of business trips may increase by another 15-20%. This is due to the desire of businesses to explore new areas for doing business within the Russian Federation or in friendly countries.


  • Donald Trump has threatened the EU countries that they must fill the trade deficit with the United States through purchases of oil and gas. Otherwise, the United States will impose widespread tariffs.


  • Bitcoin fell below $95,000 after the decision of the US Federal Reserve System to put the key rate cut on pause. The Fed also raised its inflation forecast for next year. Experts believe that the head of the regulator, Jerome Powell, may become a new villain for the crypto industry, replacing the head of the SEC, Gensler.


  • Thailand is considering the possibility of legalizing bitcoin as a means of payment. The country's finance minister proposed starting an experiment in tourist regions such as Phuket and Hua Hin, where it would be possible to allow the use of cryptocurrency in restaurants, cafes and shops. This will simplify the lives of tourists who will be able to pay with digital assets without having to look for currency exchange offices.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.