“With the US banking sector suffering a credit crunch following recent bank failures, and a buyout of First Republic…only just secured by US regulators and JP Morgan, the Fed will be weighing its rate decisions carefully from this point on,” Rust wrote. “However, if inflation refuses to budge, we could well see another hike, despite tighter credit conditions. It’s worth remembering that while a 5% inflation rate is lower than last year, it still points to rapid price rises from already elevated levels.
Go to Source to See Full Article
Author: Sam Reynolds
Did you like this?
Tip BTC Newswire with Cryptocurrency
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some bitcoin:
Donate Bitcoin Cash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send bitcoin:
Donate Ethereum to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Ether:
Donate Litecoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Litecoin:
Donate Monero to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Monero:
Donate ZCash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some ZCash:
