Chain News Today TheBitTimes.com

JP Morgan has predicted how long will the USD remain the global currency as BRICS initiates de-dollarization steps. The US dollar is under pressure from various corners as developing countries are cutting ties with the currency. From settling trade in local currencies to diversifying their central bank reserves with gold and rewriting policies for the benefit of the alliance, a paradigm shift is occurring in the global financial sector. Also Read: BRICS: 71 Countries Settled Trade Without the US Dollar Emerging economies feared repercussions from the White House before if they didn’t align with American policies. They show no fear in 2025 and are ready to challenge the US on the world stage. Taking into consideration all the latest developments, JP Morgan provided a forecast on how long the USD can survive as the world’s reserve currency as BRICS looks to topple it. BRICS: How Long Will the USD Remain the World’s Reserve Currency? JP Morgan CEO Explains Source: CNBC JP...

XRP Advocate Deaton Predicts Pre-Election Rate Reduction Responding to this observation, prominent XRP advocate John Deaton pointed out that such numbers hint at an impending shift. Speculating on future actions, Deaton suggested the Federal Reserve might opt to lower rates before the upcoming election. Charlie also stated that the above-mentioned transformation corresponds to a $20,000 jump in down payment (20% down) and a staggering 117% surge in monthly payment, from $1,020 to $2,216. This context dovetails with recent reports indicating the interest rate on the most popular US home loan reached its highest point since December 2000, culminating in mortgage applications sinking to a 28-year low, Reuters reported. The Mortgage Bankers Association disclosed that the average contract rate on a 30-year fixed-rate mortgage escalated by 15 basis points to 7.31% in the week ending August 18. This movement was propelled by surging government bond yields reminiscent of the 2007-2009 fin...