Dogecoin is a leading proof-of-work cryptocurrency that has become one of the best-known coins in the industry. Its popularity can be traced to 2021, when Elon Musk started talking about it. His tweets and statements pushed more retail traders to embrace it as a real digital asset. According to CoinMarketCap, there are now more than 4.2 million coin holders. The top 10 … [Read more...] about Best 5 DOGE Killer Cryptocurrencies
Federal Reserve Seen to Hike Rates in May and June – Poll
Source: Reuters Economists expect the Federal Reserve to tighten interest rates in the next two months amid a 40% chance of a recession in 2022. QQQ is down 1.77%, while SPY is down 1.20%. A survey of over 100 economists shows that the Fed is predicted to hike interest rates by back-to-back half-point increases in May and June.Some 85 of the 102 economists surveyed expect … [Read more...] about Federal Reserve Seen to Hike Rates in May and June – Poll
US Inflation Expectations Year-Ahead Hits a Record 6.6% in March
Source: New York Fed The US consumers expect the median consumer prices in the one-year-ahead period to be 6.6%, a new series high and an increase from February estimates of 6.0%. SPY is down -1.10%, DXY is +0.10%. Consumers are still optimistic that inflation will wane in the medium and longer-term, with expectations of a gain of 3.7% in three years, down from February … [Read more...] about US Inflation Expectations Year-Ahead Hits a Record 6.6% in March
UK Economic Growth Slows on Lower Production, Construction
Source: Office for National Statistics The United Kingdom’s economic growth slowed in February, led mainly by the services sector, which was partially offset by other sectors. EWU is down 0.35%, while EZU is up 0.40% premarket. The gross domestic product (GDP) grew by 0.1% in February, slower than the 0.8% growth recorded in January.Growth was led mainly by services which … [Read more...] about UK Economic Growth Slows on Lower Production, Construction
UK Trade Deficit Hits £18.3 Billion as Exports Climb While Imports Slip
Source: Office for National Statistics The United Kingdom posted a narrowed trade deficit in February, as imports contracted while exports expanded during the period. EWU is down 0.35%, while EZU is up 0.40% premarket. The total trade in goods balance grew by £3.1 billion to mark an £18.3-billion deficit versus the previous month.Total exports for the month stood at £28.6 … [Read more...] about UK Trade Deficit Hits £18.3 Billion as Exports Climb While Imports Slip
