The stock market initially rallied after the Fed raised interest rates by 75 BPS, but fell soon after. "The more aggressive stance from the Fed sent the indices into new lows for the year. Most notable was the rates moving to the upside. What will higher bring in terms of economic growth? In terms of the U.S. Dollar, it is a safe haven product. The currency is near its 20-year high," says Ben Lichtenstein. Also, how is the Japanese Yen acting in comparison? Bitcoin Futures (/BTC) hit the lowest level since December 2020.
17 Jun 2022