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Podcast: Niaga AWANI
Episode: Economy | Fed’s hiking rates to 5% or 5.25%. Then will fed starts QE5?
Description: It has been a very eventful last week as the world witnessed. Bitcoin fell nearly 14% to below $16,000 after the near-collapse of Sam Bankman-Fried’s FTX, one of the world’s largest Crypto Exchanges, prompted a broad sell-off in Crypto assets.Â
Inflation goes down to 7.7% in USA, markets got excited and equities rallied. UK is officially in recession and Europe is struggling with higher energy prices.