Persistent inflation and a strong labor market create conditions for more Fed rate hikes in 2023, which may push down Bitcoin against the U.S. dollar.
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The US manufacturing activity has plunged to a record low, indicating that the country has entered into a deeper recession. “This recession is the quickest deterioration in economic activity ever recorded,” an economist explained. This data is accompanied by collapsing global demand, ongoing supply chain disruptions, and high levels of uncertainty. US Manufacturing Activity Nosediving […]
The post US Manufacturing Crisis: Fastest Economic Deterioration Ever Recorded, Analyst Says appeared first on Bitcoin News.
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