Tag: economy
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What Is The Federal Reserve Act and the Banking Act of 1935?
The Federal Reserve Act and the Banking Act of 1935, also known as the Banking Act of 1935, were a set of laws passed by the United States Congress that aimed to reform the country’s banking system and stabilize the economy. The Federal Reserve Act created the Federal Reserve System, a central banking system that…
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New Report by Morgan Stanley: 20% Crash Incoming
Morgan Stanley chief US equity strategist Michael Wilson has forecasted that investors may suffer more in 2023 with a looming recession leading to the S&P 500 falling as low as 3,000 points, which is more than 20% from its current trading level of around 3,900 points. The main reason for the bearish forecast is that…