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The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Savers Bid a Sad Farewell to Higher Yields : Interest rates on CDs and savings accounts are down and expected to keep falling. A mourning period is under way for the all too brief era of 5% yields. ( Wall Street Journal ) • Goldman Sachs cautions that predicting the next decade of returns is hard : The strategists forecast lackluster returns, but they definite
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Cryptocurrencies pose significant risks to financial and monetary stability, said RBI Governor Shantikanta Das. He emphasized that they could undermine central banks' control over money supply. Das called for international cooperation to address these threats. India has been vocal about these concerns and has urged careful handling of the crypto ecosystem.
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