China News Daily Official TheBitTimes.com

Fed rate hike concerns triggered a $320 billion equity market selloff on October 13, with the S&P 500 falling 0.74%, the Dow dropping 0.52%, and also the Nasdaq declining 0.91%. Bitcoin ETF momentum has cooled significantly right now as investors reassess crypto positions amid tightening monetary policy and rising institutional caution. Major stock indices performance chart showing decline across Nasdaq, S&P 500, and Dow Industrials – Source: FactSet Fed Rate Hike: Markets Slide After Fed Rate Hike as Bitcoin ETF Momentum Slows Fed Rate Hike Bitcoin ETF – Source: Watcher.Guru The Fed rate hike environment has actually intensified crypto volatility and dampened institutional demand for digital assets. All three major indices were trading lower as of 4 p.m. ET on October 13, with widespread selling pressure affecting both traditional equities and cryptocurrency-linked products at the time of writing. The selloff in the equity market indicates increasing worry over th...

Inflation and a tight job market may push US Federal Reserve to continue hiking rates. Fed Chair Jerome Powell’s speech last week failed to give a clear direction. Moreover, Dallas Fed President Lorie Logan, Fed Governor Philip Jefferson, New York Fed President John Williams, Federal Reserve Board Governor Michelle Bowman, and others agree with raising interest rates further. advertisement US Fed to Likely Raise Interest Rates Over 6% Federal Reserve Bank of St. Louis President James Bullard on May 22 said the central bank will need to raise interest rate s twice this year before a pivot. The Federal Open Market Committee has raised rates aggressively to a range of 5% to 5.25%. Meanwhile, Minneapolis Fed President Neel Kashkari also believes raising interest rate s over 6% to curb inflation. He said even if Fed skip the rate hike in June, it shouldn’t be considered as a pause or a pivot as inflation has not reached the target. “I think right no...