A deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global growth slowdown.
Friday’s existing home sales data could show just how quickly rising mortgage rates are cooling the housing market. Bitcoin was on track on Friday for a double-digit weekly drop, and headed for a record losing streak. Other cryptocurrencies have also slid with investors shunning risk assets as central banks get aggressive on inflation.
China reports industrial output, retail sales and house prices, probably all glum. China also fixes benchmark rates, though traders see steady as the most likely outcome. British consumer confidence slumped in March to near the lowest in nearly half a century, research firm GfK said. A cost-of-living squeeze likely deepened shoppers’ gloom in April.
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What are stablecoins, the asset rocking the cryptocurrency market?They were supposed to be isolated from the chaos Stablecoins?...smells like manure to me🤣
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