© Reuters. FILE PHOTO: Pedestrians wait to cross a road at a junction near a giant display of stock indexes in Shanghai, China August 3, 2022. REUTERS/Aly SongNEW YORK -An index of global stock markets fell, while short-term U.S. Treasury yields rose on Friday, after Federal Reserve Chair Jerome Powell said the U.S. economy will need tight monetary policy"for some time" before inflation is under control.
Tight monetary policy"for some time" means slower growth, a weaker job market and"some pain" for households and businesses, Powell said in a speech to the central banking conference in Jackson Hole, Wyoming. He did not hint at what the Fed might do at its upcoming Sept. 20-21 policy meeting. Officials are expected to approve either a 50- or 75-basis-point rate increase.
Obviously dollar index rising to 110 DXY $DXY Crypto
Inflation will rise and the depression will deepen, and raising interest rates will not address it
This time is the end of the capitalist system
Bitcoin has AGAIN dipped deeper into the old resistance area of $20k in an effort to flip it into a new support area before next week Hold Buy Bnb_7h is a super underrated Bitcoiner I've been taking her tweets and tips seriously & I've been doing superb. Follow her
v_geoghegan Expect amazing Bitcoin movement in the coming month Because inflation control is an illusion with wrong world policies Bitcoin, we are waiting for your revolution over governments. Get up, Sultan 👍
Well thank you 😎
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »