Investing.com – The price of Bitcoin remained below $40,000 on Thursday after the Federal Reserve interest rate decision on Wednesday evening.
— Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.The Federal Reserve’s new outlook for interest rates ricocheted through Asian markets as the dollar and Treasury yields surged, easing pressure on some of the region’s biggest central banks and complicating the outlook for others.Expectations for higher U.S.
Largely locked out of their dollar deposit accounts since late 2019 when the Lebanese pound crashed and the banking system buckled amid widespread political protests, some savers see investments in export-focused companies as a way to access hard currency and get something for their “lollars”, the nickname for U.S.
What Led to the Sudden Slide in the KO price? Ahead of their Euro 2020 opener, football superstar Cristiano Ronaldo addressed reporters at Portugal’s pre-match press conference.
However, Goldman, in a daily briefing late on Wednesday, said chances the Fed will hike rates by the end of 2023 are “only modestly better than 50% because a liftoff could easily be derailed by lower-than-expected inflation or a sharper deceleration in growth as fiscal support fades.” The investment bank said it revised its forecast for an initial rate increase to 2023’s third quarter from a previously forecast first quarter of 2024, citing the Fed’s lower inflation bar for hiking rates.
In this article, we discuss Warren Buffett’s worst investments of all time.