Dow Jones Tanks 400 Points amid Interest Rate Spike, Turns Negative for 2023
Analysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto.
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Bitcoin Price Takes Dive Under $28,000 amid Profit Taking and Macro Setup
The US Treasury Yield has reached levels not seen since 2007 thereby denting the demand for riskier assets such as Bitcoin and altcoins.
Bitcoin Price Above 28,000 and Ether Above $1700 Wiping $70M in Shorts
While the recent price surge brought joy to long-term investors and HODLers, short sellers are notably facing a different fate.
Ray Dalio Says US Will Experience Debt Crisis and Possible Growth Plunge to Zero
By
Tolu Ajiboye
According to Ray Dalio, the debt crisis could crash US growth, and happen happen as quickly or as delayed as supply and demand dictate.
Oil Price Touches One-Year High amid Production Cuts
Although Saudi Arabia and other OPEC players have likely decided to extend their oil production cuts by the end of the year, analysts believe that this won’t last long.
US Stocks Stumble as Consumer Confidence Dips and Bond Yields Rise
Concerns about higher interest rates can lead to reduced borrowing, higher financing costs, and a potential slowdown in economic activity.
US National Debt Increases by $14B Every Day since Crossing $33T Last Week
By
Tolu Ajiboye
As the US national debt rises, some estimates suggest a possible $45 trillion level over the next couple of years.
EU Central Banks Facing Triple Dilemma amid Growing Inflation
Central Banks around the world are grappling with the difficult task of managing excessive inflation while maintaining economic development.
Bank of England Ends 14-Session Interest Rate Hike Streak
The Bank of England has halted its 14 consecutive interest rate hikes, keeping rates at 5.25% due to moderating inflation. Despite this, the economy remains precarious.
US Treasury Yield Hits Multi-Year High amid Fed Rate Decision
Amid sticky inflation, Fed Chair Jerome Powell said that they would approach the monetary policy very cautiously. Analysts expect only two rate cuts instead of four, in 2024.
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