to an all-time high reaching $2,060 per ounce. Energy stocks, oil, and a myriad of commodities also jumped considerably in value during the last seven days. Cryptocurrency markets last week were lackluster, volume is down, and action remained flat after a brief price jump on March 9, 2022.
Stocks on the other hand suffered a great deal and indexes like the NYSE, Dow Jones, S&P 500, and Nasdaq all closed the day in red on Friday afternoon . Making matters worse,stemming from the U.S. Labor Department’s Consumer Price Index report shows consumer prices tapped a 40-year high at 7.9% in February.
A key event this week for all of the aforementioned markets will be on Wednesday. That’s when the U.S. Federal Reserve isto increase the benchmark bank rate for the first time since the Covid-19 pandemic. The increase is anticipated to be a mere quarter-point hike, but investors will also be wondering if the Fed reveals a series of rate hikes for the rest of the year.he expects a 25 basis point increase this Wednesday.
“I want to look at what we might see happen with the Fed. Obviously, next week, we’re expecting a 25 basis point increase there,” Oakley said. “A lot of concern that we saw the markets still didn’t seem to be that settled about what the Fed might do next. How do you plan around this? How do you position your portfolio when you’re not really sure how aggressive the Fed will be?”
Fed Watch Tool Predicts 25 Basis Point Increase, Report Shows Futures Markets Predict an ‘Aggressive’ Series of Rate Hikes
Another good reason to invest in precious metals and cryptocurrency.
Good stuff 👍🏼
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We must not forget that crypto is a good way to store value. Especially when inflation reaches such a high level of inflation.
short selling is inevitable
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So what’s new? We’ve known about this for months. Quick panic station all you fickle & fearsome sheep😂
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Inflation
It's going to crash the market, for sure.
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Source: Cointelegraph - 🏆 562. / 51 Read more »