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The surge in the US-Dollar index has created unrelenting pressure on the price of crude and commodities.
Treasury yields surged in light of the Fed’s latest rates hike, with the 2-year yield establishing a new 15-year high.
The third consecutive 0.75 percent point increase announced by the Federal Reserve has impacted stocks across different sectors.
At the moment, the terminal rate is projected to be at 3.8% in 2023, but from the current inflation and its handling, the Fed will have to adjust these figures as well.
At the Federal Open Market Committee (FOMC) meeting slated for Tuesday and Wednesday this week, the Fed is expected to raise interest rates by as much as 75 basis points.
The crypto market continues unimpressive performance as Bitcoin consolidates below $20k and Ether dips further following post Merge sell-off.
Shell CEO Ben van Beurden will step down for renewables director Wael Sawan, after a nearly four-decade career, 9 of which he served as CEO.
There are now a lot of expectations from the wider Ethereum community as many will now look to test out the capabilities of the new Proof-of-Stake protocol.
The drop in the European stock market is in tandem with those of the US stock market.
With interest rates set to be hiked following this growing inflation figure, the US market is waking up with a bearish reaction to the news.
There are currently a number of factors that determines what positivity will trail the future of Bitcoin.
The market is doing all it can to stay resilient, and tap from a unique internal crypto-born fundamental to ignite its natural growth trend.
The stock market on the other side of the world has also shown signs of good health despite the aggressive inflationary fight against inflation by the United States Federal Reserve.
The ECB has once again hiked interest rates as energy prices and inflation threaten to soar even further and a recession looms.
There is no assurance that Rishi Sunak will keep a spot on Liz Truss’s cabinet as Kwasi Kwarteng is already considered for the Treasury job.