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Following minutes from the November FOMC meeting that increases in interest rates will taper, US Treasury yields drop slightly on Friday.
Crypto prices spiked and then pared initial gains following the news after a Fed meeting that smaller rate hikes are on the horizon.
The bounce in price is a relief that has come to be expected throughout the crypto industry.
US stocks are seeing a lower close to begin the thanksgiving holiday season, with all three major indexes slipping up.
The United Kingdom is currently in one of the most troubling recessions on record as the Bank of England has continued to exert monetary policies to control inflation.
A lower October PPI suggested that inflation is abating and has triggered a rise in the S&P 500, other leading averages, and retail stocks.
Futures tied to the Dow Jones and other leading indexes climbed significantly after reports suggested that inflation may be slowing.
Goldman Sachs analysts highlighted key points that could contribute to lower inflation in the US by 2023.
The outcome of the US mid-term elections seems to have little impact on the crypto space which is still suffering the jolt of FTX collapse. Bitcoin makes a fresh 2022-low.
FTX Group of companies has officially filed for Chapter 11 Bankruptcy in the United States, marking one of the darkest weeks in the history of the digital currency ecosystem.
As FTX tries to survive a difficult time, CEO Sam Bankman-Fried is seeking to raise a rescue package of up to $9.4 million to help the situation.
As inflation data cooled down the markets reacted with a very strong rally. Ath the same time, the Treasury Yields also plunged.
The data has sent a positive signal to investors that inflation in the US has peaked, a good development for the broader economy.
Binance backs out of the FTX deal citing concerns over the mishandling of customers’ funds by FTX and alleged US agency investigations. The Crypto market loses another $100 billion.
Stakeholders in the crypto ecosystem notably injected funds into keeping the candidates of their choice seen in these midterm elections.