Wells Fargo now sees the Fed hiking rates four times this year as compared to twice previously 5 (1)

The firm now sees the Fed hiking rates by 25 bps each quarter through to Q3 2023, starting from March this year. Adding that they expect the Fed to start reducing its balance sheet as an additional means of removing monetary accommodation in Q3 2023. On the rate hikes, two certainly was rather conse

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ECB’s de Guindos: Inflation not as transitory as previously anticipated 0 (0)

Inflation won’t be as transitory as forecast some months agoOmicron variant a factor of uncertainty but won’t derail recoveryInflation risk moderately to the upsideBut inflation to be below target for 2023, 2024Inflation will depend on evolution of energy costsOil price has recoveredHe’s trying to a

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The Impact of China’s Zero-Covid Policy on the Economy 0 (0)

At the
annual meeting of the Communist Party of China last year, there were a few key
points. I interpreted the content as seeking „stability“. Why do I
say seeking stability?  What’s the point?

 

The first
point of the two major points mentioned at the annual meeting is that the
demand is decl

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SNB says successfully tested use of digital currency to settle transactions with top investment banks 5 (1)

The latest trial could see the introduction of central bank digital currency move a step closer in Switzerland. The SNB says that they integrated the digital currencies into payment systems and used them in simulated transactions involving UBS, Credit Suisse, Goldman Sachs, and Citigroup.The test sh

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Cryptocurrencies Rebounded as Part of a General Downward Trend 0 (0)

The value of
the cryptocurrency market rose almost 3% over the past 24 hours to 2.07
trillion. Exceeding the psychologically important circular mark pulled demand
for coins outside the top 10.

 

Separately,
bitcoin enjoyed demand from the pull into risky assets in traditional financial
markets a

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