Last Friday was a day of chaos in the crypto world. Rumors of a run on Silicon Valley Bank (SVB) led to a sharp drop in cryptocurrency prices, with Bitcoin falling from $46,000 to...
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2 Minutes
2 Minutes
Steve Forbes Says the Fed Is ‘Inflicting Unnecessary Pain’ With Interest Rate Hikes
Media mogul Steve Forbes, chairman of Forbes Media, has warned that the Federal Reserve is “inflicting unnecessary pain” on the U.S. economy with its interest rate hikes after Fed Chair Jerome Powell said the...
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3 Minutes
Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand
Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead...
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