James Dimon believes that consecutive rate hikes will change the U.S. economy, but here's how it will change the crypto market
would change the shape of the U.S. economy. Previously, the hint from the Fed about the rate increase in March crashed both the stock and digital assets markets.The key rate is one of the main tools of strengthening a country's monetary policy and national currency, which creates more pleasurable conditions for foreign investors that push the economy by buying government bonds and a country's citizens, who are more likely to deposit their funds in banks rather than in the stock market.
Financial experts note that quantitative easing was one of the main fuels of an almost 13-year bullrun on the U.S. stock market.In addition to incentivizing investment in national currencies, high key rates create conditions in which traders are more likely to invest in risk-off assets like commodities and precious metals rather than risky assets like crypto.
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.
Police Chase Down A Stolen Work Truck In the ValleyA driver suspected of stealing a white work truck, led police on a pursuit up, down and all around the Valley. The vehicle was stolen from a worksite after which the company tracked the vehicle through an onboard GPS.
Read more »
Pokémon GO-Loving Police Officers Skip A Robbery to Chase a SnorlaxTwo police officers have been fired from the LAPD after they were caught playing Pokémon GO instead of responding to a call about a robbery.
Read more »
Police chase on I-80/94 ends in gruesome crash scene with south suburban Illinois woman, son killed: chargesWhite could face from 20 to 40 years on the most serious charge, a level 1 felony. His next court date has not been set.
Read more »
Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022We can’t catch a break, can we? Bitcoin dipped below $40K after rumors that the Federal Reserve would hike up interest rates four times in 2022.
Read more »
What the Future of Ethereum Looks Like Post London Hard Fork | Hacker NoonInvesting in crypto during the bear market isn’t for everyone here's what you need piece the market sentiment & Ethereum together before diving into investing
Read more »
Even after the pullback, this crypto trading algo’s $100 bag is now worth $20,673A full year’s worth of observations drive home one simple idea: Crypto assets’ past performance holds a wealth of actionable insight for traders.
Read more »