US Federal Reserve
Financial Analyst: The Expensive Dollar will have a Negative Impact on the Import of Raw Materials
"The war in Ukraine and its consequences are the main reason for the leveling of the euro against the dollar. For the first time since the beginning of the new millennium, we have seen parity between the world's two major reserve currencies". This was stated by the economist and financial analyst Boris Petrov in an interview for BGNES
Recent upheavel shows need for crypto rules, says Fed’s Brainard
Recent upheaval in the cryptocurrency markets shows the sector is subject to similar risks as conventional investments, underscoring the need for regulation to protect against the "false allure" of a quick profit, Federal Reserve Vice Chair Lael Brainard has said.
Cryptocurrencies Rise after Equities
Bitcoin is up around 1% in 24 hours to $20,400. Ethereum added 3.2%, while other top 10 altcoins gained between 0.7% (Dogecoin) and 2.8% (XRP). Buyers have braced themselves on the back of positive stock indexes despite the strengthening Dollar.
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US multinationals grapple with soaring dollar
The rapid rise of the U.S. dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout.
For an importer, the surge in the greenback against the euro, yen or British pound is a plus, because it makes the products they buy cheaper.
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US Fed chair admits recession a ‘possibility’
The United States economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation could eventually trigger a recession, Federal Reserve Chair Jerome Powell has cautioned.
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Oil is Cheaper by more than 5% against one-month Price Lows
Oil futures fell more than 5% on Wednesday to more than 5% against one-month price lows amid growing fears that the Fed's and other central banks' interest rate-raising policies in a bid to fight record inflation will slow economic growth and it even risks provoking a recession, which in turn reduces the demand for important energy raw materials.
Fed’s aggressive rate hikes raise likelihood of a recession
Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it.
Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession.
The United States announced the Largest Increase in Interest Rates since 1994
The US Federal Reserve has announced the most aggressive rate hike in nearly 30 years and has announced readiness for a new increase next month as a major step in the fight against rising inflation.
Markets Jumped the Gun, expecting to Hawkish Fed tomorrow
The S&P500 index fell 3.9% intraday on Monday, closing the index in the bear market territory. The Nasdaq collapsed more than 4.6%, losing a third of its all-time high in November last year.
Χρηματιστήρια: Μεγάλες απώλειες στην Ασία μετά τη «βουτιά» στην Wall Street
Ο Nikkei στην Ιαπωνία υποχώρησε 1,82% - Οι επενδυτές αναμένουν τις κινήσεις της Fed