The macroeconomic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, Bank of America strategists warned in a weekly research note, Reuters reports. Bank of America chief investment strategist Michael Hartnett wrote, in a note to clients, that “Inflation shock” … Read more
If nothing extraordinary happens, the Federal Reserve will raise interest rates and implement “quantitative tightening”, that is to withdraw liquidity from the market, in its fight against the high inflation rate. The question is if Fed’s measures will be enough to push back inflation to normal levels? According to a blogpost from analysts Bitmex Research, … Read more
The rivalry between the top two cryptocurrencies, Bitcoin and Ether, has been messy and long drawn out. And this has presented an omnipresent dilemma for potential investors. While each currency has its own competing qualities, analysts at financial services firm JP Morgan have asserted that investors would be better off holding Ethereum rather than Bitcoin … Read more
