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Treasury Secretary Yellen repeats warning of US debt default
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Economic Equilibriums and Disruptions: MacroSlate Weekly
Regional Banks and debt ceiling drama In a week filled with ups and downs, small US banks were doing well while the country was on the edge of a big money problem known as the ‘debt ceiling crisis.’ The US government’s savings at the Federal Reserve took a big hit, dropping by $53bn on Monday…
Market volatility spikes after Powell hints Fed could slow rate hikes amid banking stress
Federal Reserve Chair Jerome Powell said on May 19 that the interest rates may not have to be increased as much as previously estimated to slow down the economy. Powell said that “developments” in the banking sector are resulting in tighter credit conditions which will likely impact economic growth and inflation. However, he added that the…
JPMorgan to takeover First Republic bank
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Stagflation is now the concern for the US: MacroSlate Weekly
The U.S. economy grew at an annualized pace of 1.1% in Q1 2023, which came in slower than expectations and was forecasted to come in at 1.9%. Stagflation is now a concern for the U.S.; this GDP print was significantly smaller than the previous two quarters, 2.6% and 3.2%, respectively. Next week’s FOMC meeting, which…
US government holds $6B worth of Bitcoin: Glassnode data
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MacroSlate Weekly: US inflation comes down, but Fed forecasts ‘mild recession’
What is CryptoSlate Alpha? CryptoSlate Alpha is a membership designed to empower you with cutting-edge insights and knowledge, built on top of Access Protocol. More about CryptoSlate Alpha › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. You Need More ACS It looks…
MacroSlate Weekly: US economic indicators point towards contraction as unemployment stays at historic lows
Ad GFC vs. 2023 It seems contraction in the U.S. economy is starting to appear. However, a recession is not scheduled for the time being. Comparing previous eras and recessions might fit human psychology, but it will undoubtedly be different. But most likely, the Federal Reserve will continue to hike rates until something materially breaks….
MacroSlate Weekly: Bitcoin maintains resilience in face of continuing market uncertainty
Ad TLDR Bitcoin broke out of a potential bear market according to realized price cohorts. Record-breaking BTC options expired on Friday. On March 14, the U.S. government sold 9,861 BTC, and approximately 41,490 BTC remains. U.S. PCE data comes in slightly lower than expected E.U core inflation hits all-time high UK house prices suffer the…