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Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has to bring
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In-restaurant sales at Chipotle during Q1 2023 popped 22.9%, while digital sales represented 39.3% of food and beverage revenue. Despite increased menu prices, Chipotle Mexican Grill (NYSE: CMG) recorded impressive earnings and revenue in Q1 2023. On Tuesday, the restaurant company released its quarterly financial performance that exceeded analysts’ expectations. The chain’s
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Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank should be, nevertheless agree that more increases of key interest rates are yet to come. ECB
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Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. At the same time, the cycle with the highest hikes may soon be over, the officials indicated. End of Most Aggressive Rate Hikes in Sight Despite Inflation, but
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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve’s continued rate hikes will crash stocks, bonds, real estate, as well as the U.S. dollar. He expects the next crash to be the “$1 quadrillion derivatives market.” Robert Kiyosaki on Interest Rate
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As recently as two weeks ago, interest rate traders were evenly split on whether the Fed would raise rates by 25 or 50 basis points. Struggles within the banking system since – including the failure of a number of lenders – had traders today roughly evenly split on whether the
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Bitcoin (BTC) saw heavy volatility on March 22 as the United States Federal Reserve hinted that it might stop interest rate hikes.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPowell on rates: “‘May’ and ‘some’ instead of ‘ongoing’”Data from Cointelegraph Markets Pro and TradingView showed sharp moves both up and down for BTC/USD
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Bitcoin (BTC) starts a new week in an unmistakably bullish position as it passes $28,000.Crypto markets continue to climb on the back of the banking crisis, which still rages in the United States and abroad — where will they go next?After a week of chaos for macro markets and solid
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Economist Peter Schiff has warned that the current financial crisis will be worse than in 2008. “Future rate hikes are now pointless,” he stressed, adding that any effect will be more than offset by the Fed’s quantitative easing. Peter Schiff’s Financial Crisis Warning Economist and gold bug Peter Schiff shared his outlook
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Ether was changing hands just above $1,700, about where it stood on Monday, same time. The second largest cryptocurrency has roughly matched BTC's upswing this week. Other major cryptos spent most of Tuesday healthfully in the green before flattening. APT, the token of layer 1 blockchain Aptos was recently up
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