aazoctf sixteen nine 1 Cryptocurrency and Stock Markets Crash as Investors Brace for Inflation

Cryptocurrency and Stock Markets Crash as Investors Brace for Inflation

– The U.S. Consumer Price Index (CPI) rose 9.1% in June, higher than the expected 8.8%.
– The Fed is expected to continue hiking interest rates in order to tackle inflation.
– Cryptocurrencies have been closely tracking stocks for the last few quarters, and as investors have reduced their exposure to macroeconomic risk, they have sold off crypto along with equities.
– The CPI report is a lagging indicator of inflation.
– The Fed will also be keeping a close eye on the strengthening U.S. dollar.
– Global markets continue to trade in a range since bottoming after the Feds last meeting in June.

MarketsCPI Cryptocurrency and Stock Markets Crash as Investors Brace for Inflation
Cryptocurrency and Stock Markets Crash as Investors Brace for Inflation 3

Leave a Reply

%d bloggers like this: