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Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’

Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the crypto market and the Crypto Fear and Greed Index continues to slide lower, edging toward “extreme fear.” Furthermore, the chief strategist at bubbatrading.com, Todd ‘Bubba’ […]

Binance Bitcoin reserves hit January levels — months before BTC jumped 90%

Powell Says Fed’s Battle With Inflation Will Bring ‘Some Pain,’ After Insisting Last Year Elevated Inflation Is ‘Likely to Prove Temporary’

Powell Says Fed’s Battle With Inflation Will Bring ‘Some Pain,’ After Insisting Last Year Elevated Inflation Is ‘Likely to Prove Temporary’On Friday, Jerome Powell spoke at the annual Jackson Hole Economic Symposium and the Federal Reserve chair explained that the U.S. central bank is focused on fighting the country’s red-hot inflation. Powell stressed at the event that strict monetary policy is necessary, and his commentary hinted that the Fed won’t hit the brakes on monetary […]

Binance Bitcoin reserves hit January levels — months before BTC jumped 90%

Peter Schiff Warns Economic Downturn in the US ‘Will Be Much Worse Than the Great Recession’

Peter Schiff Warns Economic Downturn in the US ‘Will Be Much Worse Than the Great Recession’Following the Federal Reserve’s rate hike on Wednesday, economist Peter Schiff has had a lot to say since the U.S. central bank raised the benchmark rate by half a percentage point. Schiff further believes we are in a recession and says “it will be much worse than the Great Recession that followed the 2008 Financial […]

Binance Bitcoin reserves hit January levels — months before BTC jumped 90%

With an ‘Aggressive’ Fed Rate Hike Expected Next Week, Stocks and Crypto Markets Lose Billions

With an ‘Aggressive’ Fed Rate Hike Expected Next Week, Stocks and Crypto Markets Lose BillionsInvestors will be focused on the U.S. central bank this Wednesday as Federal Reserve policymakers are expected to raise the benchmark interest rate aggressively. The top U.S. stock indexes saw significant losses at the end of the week, and the Nasdaq composite saw its worst four-month starting performance since 1971. Crypto markets have had a […]

Binance Bitcoin reserves hit January levels — months before BTC jumped 90%

While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Buys Twitter

While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Buys TwitterWall Street suffered Monday morning as the major U.S. stock indexes dropped further, building on losses gathered last week. Reports indicate that investors are concerned about the upcoming Federal Reserve rate hikes and China’s recent Covid-19 outbreak. As equities floundered on Monday, the crypto economy slid under the $2 trillion mark and gold prices dropped […]

Binance Bitcoin reserves hit January levels — months before BTC jumped 90%

Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected

Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market ExpectedThe U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as the Russia-Ukraine conflict continues in Europe. If the Federal Reserve decides to increase the rate by a quarter percentage point […]

Binance Bitcoin reserves hit January levels — months before BTC jumped 90%

Geopolitical Risk and Ukraine Worries Shake Equities, Cryptocurrencies — Gold Soars Higher

Geopolitical Risk and Ukraine Worries Shake Equities, Cryptocurrencies — Gold Soars HigherOn Wednesday, global markets have been volatile as Ukraine officials declared a state of emergency amid fears of a Russian invasion. Wall Street’s top indexes shuddered during the day’s trading sessions, and cryptocurrency markets slipped more than 4% during the 24 hour period. On the other hand, the price of gold has jumped 1.47% during […]

Binance Bitcoin reserves hit January levels — months before BTC jumped 90%

St. Louis Fed President Says Central Bank’s ‘Credibility Is On the Line’ as US Inflation Surges

St. Louis Fed President Says Central Bank’s ‘Credibility Is On the Line’ as US Inflation SurgesInflation continues to grip American wallets, according to a recent economic analysis from Moody’s Analytics, which shows inflation is likely costing the average U.S. household between $250 to $276 per month. Meanwhile, the U.S. Federal Reserve is expected to raise the benchmark interest rate in March and St. Louis Fed president James Bullard believes the […]

Binance Bitcoin reserves hit January levels — months before BTC jumped 90%

Fearing a Hawkish Fed: Economists Focus on Upcoming FOMC Meeting as Global Market Rout Slows

Fearing a Hawkish Fed: Economists Focus on Upcoming FOMC Meeting as Global Market Rout SlowsGlobal markets have been feeling the pressure of fear and uncertainty, as the upcoming Federal Open Market Committee (FOMC) plans to make a decision on Wednesday concerning changing the current monetary easing policy and raising the benchmark interest rate. Economists and market analysts fear the hawkish Federal Reserve will tighten markets too fast after the […]

Binance Bitcoin reserves hit January levels — months before BTC jumped 90%

Global Markets, Bitcoin Defy Expectations After Fed’s Hawkish Taper Plan Announcement

Global Markets, Bitcoin Defy Expectations After Fed’s Hawkish Taper Plan AnnouncementGlobal markets have defied predictions as the U.S. Federal Reserve and several central banks worldwide are prepping to slow down monetary easing policy. On Wednesday, the U.S. central bank’s Federal Open Market Committee (FOMC) said it plans to taper quantitative easing (large monthly asset purchases) and end the program by March 2022. Moreover, the FOMC […]

Binance Bitcoin reserves hit January levels — months before BTC jumped 90%