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Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist … Read more
Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors Bet on Another Rate Hike in May … Read more
Federal Reserve Board governor Michelle Bowman discussed a potential U.S. CBDC in a speech at Georgetown University. Go to Source Powered by WPeMatico
Bank of America and Fidelity have increased their MicroStrategy exposure in what appears to be a passive Bitcoin investment. Go to Source Powered by WPeMatico
Bitcoin faces a battle for key BTC price support to start the week, while market participants stay optimistic about trend continuation. Go to Source Powered by WPeMatico
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full … Read more
Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced by individuals who fear a digital currency could hinder “un-woke activities such as tax evasion and … Read more
At the halfway point of April, bitcoin has risen beyond the $31,000 point for the first time in ten months. This rise in bullish sentiment comes as global inflation continues to fall, with many expecting central banks to soon pivot from current policies of monetary tightening. Current Market Status April started mostly with […] Go … Read more
Cointelegraph analyst and writer Marcel Pechman explains how a potential looming recession might be causing Bitcoin’s price to rise. Go to Source Powered by WPeMatico
“The State of Wyoming believes that this changes the tenor of the suit and in turn questions the legitimacy and viability of the State’s statutory framework,” said AG Bridget Hill. Go to Source Powered by WPeMatico