Powell discusses the urgent need for crypto regulations to prevent any leakages in the sanctions levied on Russia. He also talks about the potential measures ahead to control inflation while keeping the Russia-Ukraine war situation in mind.
The Ruble, on Monday, fell by around 25% dropping below $0.01, a new record low.
The US government wants to strain financial activities in Russia as much as possible, to deter Putin from proceeding with Ukraine invasion.
Increasing the interest rates will help the central bank in limiting the outflows and cash withdrawals from saving accounts.
Both US and global equities and commodities saw volatile trading throughout last week following an escalated showdown between Russia and Ukraine.
The isolation of the Russian banks from the SWIFT messaging system is one of the five proactive measures the European Commission announced against Russia.
US stock futures have fallen again after staging a remarkable comeback following the ongoing showdown between Russia and Ukraine.
The investigation is escalating the existing tension between Musk and the SEC that has recently accused Tesla CEO of discrimination of employees.
General underperformance plagued stock futures and indexes across three continents following heightened tensions between Russia and Ukraine.
World leaders are notably calculating the right responses to the ongoing attack on Ukraine. While sanctions have been announced, it has done nothing to deter Putin from proceeding with the attack which has been a major concern for the past few weeks.
Bitcoin registered a total liquidation of $145.83 million in the past 24 hours. Whereas Ethereum recorded a total liquidation of $123.24 million during the same period.
Russia-Ukraine war-related fears continue to put severe pressure on global stock markets. The US announces a fresh set of sanctions against Russia’s sovereign debt, banks, and high-profile individuals.
Amid the ongoing military strife between Russia and Ukraine, US stock futures inched higher as the S&P 500 closed in correction territory.
Despite the fact that the Dow Jones tanked in tandem with broader market sentiments, market expectations remain fluid as investors focus on macroeconomic policies that may emanate from regulators in the coming weeks.
Bitcoin and the wider crypto market are expected to experience short-term pressures from the geopolitical crisis as the supply chain gets distributed.