All eyes are on bitcoin yet again as Jerome Powell – the man in charge of the Federal Reserve – said in a recent interview that his office is not above faster, larger rate hikes in 2023, and that they could come sooner than most people anticipate. Bitcoin Could Suffer with More Rate Hikes There is great fear of more rate hikes given they swarmed 2022, a time that was extremely bearish for bitcoin. Inflation was soaring and the economy was in dire straits thanks to the...
Read More »Bitcoin Rallies Following News on US Inflation Data for February
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Read More »Top Asset Manager Says Federal Reserve May Continue Hiking Interest Rates to 6%
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Read More »European Markets Flat amid Impending Fed Chair Comments
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Read More »Bitcoin Spikes Following Good News from the Fed
The price of bitcoin went up a bit in early February after it was announced that the Federal Reserve was predicting decreased inflation for 2023. Bitcoin Jumps Following Positive Fed Remarks The words came by way of Jerome Powell, the Federal Reserve chair. He stated in an interview: We expect 2023 to be a year of significant declines in inflation. It’s our job to make sure that that’s the case. My guess is it will take certainly into not just this year, but next year to...
Read More »Euro Bullish Sentiments Abound as Region Appears Set to Hold Off Recession
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Read More »Treasury Yields Climb as Investors Anticipate Better Market in 2023
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Read More »10-Year Treasury Yield Inches Higher as Market Awaits Key Personal Consumption Expenditure Report
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Read More »Tesla (TSLA) Stock Soars 7% on News Fed May Slow Rate Hikes
Tesla CEO Elon Musk was one of those who shared his sentiments on the likelihood of a recession next year.The shares of American multinational electric car manufacturer Tesla Inc (NASDAQ: TSLA) are seeing marginal growth in the Pre-Market today after the stock recorded a bumper session on Wednesday. Investors went on a buying spree pushing the share price to $194.70 atop a 7.67% growth on Wednesday as Federal Reserve (Fed) Chairman, Jerome Powell hinted at the Brookings Institute that the...
Read More »Fed Could Hike Interest Rates by 75 Basis Points Once More then Slow Pace
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