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Wall Street Sinks with Fears of Recession Shaking Markets

Recession

On Thursday, the US stock indexes plummeted, with the rout led by some high profile tech shares. This happened after the US Federal Reserve jacked up its interest rates by the highest level since 1994 in order to combat the soaring inflation, thereby fueling worries of an economic recession. Central Banks Could Trigger Recession The … Read more

Futures Edge Higher Ahead of Fed’s Rate Decision

index

On Wednesday, US stock index futures climbed, as investors were keeping an eye on the meeting of the Federal Reserve to see how much interest rates would be increased for quelling inflation. Aggressive Hike Expected Previously, investors had been pricing a rate hike of 50 basis points, but after the higher-than-expected US consumer price index … Read more

Solana Targets South Korea to Boost its Demand and Price

As per the latest reports surrounding, a $100 million fund has been formed by the Solana Foundation and Solana Ventures. The purpose of the fund is to provide support for the growth of the major spaces within the cryptocurrency universe. The sources suggest that the funding has been formed keeping in mind it’ll be for … Read more

European Stocks Stable after Inflation Driven Decline

index

On Tuesday, European stocks climbed higher, as investors were quick to snap up equities that had taken a battering. This came after a massive sell-off in the last few sessions because of worries about the US Federal Reserve getting more aggressive in terms of interest rate hikes and the possibility of an economic recession. Equities … Read more

Dollar Rises Amidst Hot US Inflation DataDollar Rises Amidst Hot US Inflation Data

On Friday, the dollar rose against a basket of other major currencies to an almost four-week high. This surge occurred after the release of the US Consumer Price Index (CPI) data, which showed that prices had risen higher than expectations in May. Thus, it strengthened expectations that the Fed will continue its aggressively hiking policy … Read more

EUR Or USD Drops Under 1.1300 Ahead Of Eurozone Data

The EUR or USD combination has flattened out underneath 1.1300, indicating that the constructive recovery from the weeklong lower has dissipated. Bond rates have been stronger as inflation expectations for the novel Omicron COVID variant have stayed high. The German ZEW and the Gross domestic product of the Eurozone both are set to be announced. … Read more