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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Determine the reasons for Bitcoin's rise to record levels

    Rocky
    Rocky
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    Determine the reasons for Bitcoin's rise to record levels Empty Determine the reasons for Bitcoin's rise to record levels

    Post by Rocky Sat 09 Mar 2024, 5:10 am

    Determine the reasons for Bitcoin's rise to record levels

    Determine the reasons for Bitcoin's rise to record levels 42982



    money and business
       




    Economy News - follow up
    Bitcoin's record rise could lead the US Federal Reserve to delay planned interest rate cuts later this year, according to JP Morgan.
    Bitcoin's rise above $60,000, coupled with record highs for stocks, suggests a bubble is starting to build in risk assets, strategist Marko Kolanovic said in a recent note.
    This bubble could eventually prompt the Fed to postpone planned interest rate cuts, which are often a catalyst for risky assets, because they could unleash another round of inflation.
    “This could keep monetary policy tight for longer, as premature rate cuts threaten to inflate asset prices further or cause another spike in inflation,” Kolanovic said.
    The market currently expects the Fed to cut interest rates at least three times in 2024, with the first rate cut occurring in June, according to the CME FedWatch tool.
    With most of the stock market's rise since October driven by expectations of taming inflation and lower interest rates, further delays in the Fed's planned interest rate cuts could cast a shadow over the stock market's upward trajectory...




    Views 68
    Added 03/09/2024 - 8:02 AM
    https://economy-news.net/content.php?id=41267

      Current date/time is Fri 13 Dec 2024, 5:59 am