ICYMI: Bitcoin drops below $21,000, ether under $1,600 following hot U.S. inflation
would most likely result in further selloffs in the equity and crypto market, according to 21.co research associate Adrian Fritz."Since this would lead to an even more hawkish Fed, that is expected to announce another interest rate hike next week," he said.
The S&P 500 was down almost 3% at the time of writing, while the Nasdaq composite shed a little over 4%, with markets digesting the the surprise data with just eight days to go to the Fed's next decision on interest rates. Ahead of the inflation news traders had been factoring in a hike of 75 basis points, however, according to the CME's FedWatch dashboard the market is now predicting an 20% probability of a 100-basis-point hike at next week's meeting.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swiss confirm favoured location for $21 billion nuclear waste storeSwitzerland confirmed on Monday that its favoured location for a 20 billion Swiss franc ($20.94 billion) underground nuclear waste storage site was an area north of Zurich, close to the German border.
Read more »
People are obsessed with this $21 kids toy from a mega-viral TikTokOne of the best kids toys of 2022 is on Amazon right now at a great price. Kids love it so much, and you definitely will too.
Read more »
Charge all your Apple devices with one $21 wireless charging stationLooking for an Apple charging station for all your devices? Amazon has a great option with wireless charging on sale for $26 right now.
Read more »
Hard Rock spends $100M to raise pay for non-tipped US staffHard Rock International says Monday it is spending over $100 million to give significant raises to 10,000 non-tipped workers, most of them in the U.S. The global gambling, entertainment and hospitality company is giving the employees an immediate increase to a minimum starting salary of $18 to $21 an hour.
Read more »
Hard Rock Spends $100M to Raise Pay for Non-Tipped US StaffHard Rock International says Monday it is spending over $100 million to give significant raises to 10,000 non-tipped workers, most of them in the U.S. The global gambling, entertainment and hospitality company is giving the employees an immediate increase to a minimum starting salary of $18 to $21 an hour.
Read more »
Market Wrap: US Inflation Data Roils Markets, Bitcoin and Ether FallMARKET WRAP: Markets see red as inflation data underwhelms. Risk assets decline across the board. GWilliamsJr_CMT and _jocelynyang_ report
Read more »