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BofA Securities revised its outlook for the fed-funds rate target and now sees it reaching 4.75% to 5% by March, economist Michael Gapen wrote in a note. That’s up from a previous forecast of 4% to 4.25%. The revision was made in response to Wednesday’s release of projections, showing the median participant on the Federal […]

Stocks took a sharp turn lower to end a choppy session Wednesday, sinking after the Federal Reserve delivered a widely expected 75 basis point rate hike but also lifted its forecast for a peak in rates above market expectations. Stocks gave up initial gains following the Fed decision, then flipped between gains and losses during […]

GBPUSD is plummeting non-stop. The Pound Sterling reached another low against the USD. The current quote for the instrument is 1.1343. American dollar is putting more and more pressure on the currency market. Most investors are trying to escape risks considering the current escalation in geopolitics and the increasing possibility of a recession.  On Thursday, […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the resistance level. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 1.1425 and then resume moving downwards to reach 1.1125. Another signal in favour of a further downtrend […]

Blockchain is no longer a buzzword being thrown around by mainstream institutions as meaningful and fully-working pilots and programs come to the fore at Blockchain Expo Europe 2022 in Amsterdam. Before the COVID-19 pandemic, a number of mainstream companies from various industries started to explore ways blockchain technology could be used to improve processes and products. […]

U.S. stocks remained lower in the final half-hour of trade Wednesday after sinking to new session lows. Major indexes saw big swings, giving up gains to trade lower after the Federal Reserve raised the fed funds rate by 75 basis points as expected but pointed to a higher peak in rates than anticipated next year. […]