Medici Bank

💡 Did you know? In 2024, CD rates have reached their highest levels in over 20 years, with average high-yield CD rates climbing above 5%, compared to the national average rate of just 0.46%. This increase is due to the Federal Reserve's aggressive rate hikes in 2022-2023 to combat inflation, which peaked at a 40-year high of 9.1% in mid-2022. Learn about our current CD rates here: https://bit.ly/4fjSmKW #Savings #Investments #HighYieldCD #MediciBank #FinancialFreedom #CDRates #GrowYourMoney

How to Use Your Stablecoins (USDC/USDT) to Generate Yield Stablecoin holders, especially those with USDC and USDT, are increasingly turning to yield-bearing accounts to grow their assets. In countries like Argentina, where inflation exceeds 100%, traditional bank savings accounts are no longer viable—offering negative real returns. The solution? Stablecoin yield accounts. Here’s how to start: Choose a yield provider: Some financial institutions are offering up to 10.25% APY for USDC deposits. Deposit your stablecoins: Convert your USDC/USDT into yield accounts, typically in USD, to avoid depegging risks. Select your term: Opt for short-term liquid accounts for flexibility or longer-term locked accounts for higher yields. Withdraw anytime: With liquid accounts, you can access your funds anytime, or you can lock them for a fixed period to maximize your earnings. Stablecoin yield accounts offer a safe, profitable alternative to traditional savings, especially in inflation-ridden economies.

The Atlanta Federal Reserve's GDPNow measure shows U.S. growth at +3.4% for the third quarter. Additionally, the Wall Street Journal's Survey of Leading Economists, released this week, also points to stronger growth for the remainder of this year and into next. This suggests the likelihood of a recession in 2025 has dropped to 25%, down from 60% a year ago. While a further softening of the job market is anticipated in 2025, a sharp rise in unemployment is not expected. (https://lnkd.in/eb2gphnm)

The UK and EU continue to lag the rest of world in terms of GDP growth. The Japan economy continues to shrink at alarming rates.

CPI #inflation continues to decline across the major emerging market economies.

Per Bloomberg, #inflation as measured in CPI is converging among advanced economies.

Per Bloomberg and central bank surveys, #inflation expectations vary greatly among developing nations, with Russia and Ukraine suffering due to war and China and Thailand on the other end of the spectrum due to retracting economic growth.

#GDP growth has surprised to the upside in #Brasil

Despite a widespread decline in commodity prices in Brazil when measured in #USD, prices actually increased when measured in domestic currency, due to depreciation of the #BRL. As commodities become more expensive, life becomes more expensive, unless you are saving in US dollars.

The central bank of #Brasil report says the global economic cycle poses uncertainty about the pace of economic deceleration and monetary policy. In #Brazil, strong economic activity and a heated labor market led to GDP growth of 1.4% in Q2 2024, exceeding expectations. Inflation, however, rose, with 12-month #inflation reaching 4.24% in August 2024. The Central Bank's projections indicate inflation will gradually decline but remain above the 3% target, with a forecast of 3.5% by Q1 2026, due to strong economic activity, #exchange rate depreciation, and rising inflation expectations. We think it is worse than they are saying, as it usually is. Download the report here. https://lnkd.in/dr6Q4RZC