The latest economic data from the United States has alarmed analysts as well as the market, casting shadows on the U.S. recovery. According to the Bureau of Economic Analysis, the U.S. economy could shrink by 1.4% in the first quarter of 2022, preliminary data that's in stark contrast to analysts' previous estimate of 1.1% growth.
If these numbers are confirmed, this would represent a significant turn of events, considering that in the previous quarter, the U.S. GDP saw a 6.9% increase. This negative performance would be attributable, above all, to a drop in consumption in the U.S. with additional significant reductions in exports and public spending.
In this context, the role of the Federal Reserve becomes even trickier, taking into account high inflation and the contraction of the economy in the complex maneuver of using interest rates to calm markets, companies and consumers. The expected increase of 75 basis points in U.S. interest rates could have a significant impact on...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...