This means that the market will rise when it opens on Monday 😏 Fortunately, it wasn't released on Friday... Technology = the future
The opening of March seemed calm. On March 7, Jerome Powell's speech implied that the Federal Reserve is open to increasing the pace of interest rate hikes, causing the market to panic. Strong employment data is putting upward pressure on inflation. However, minor troubles in the banking sector reversed the situation. The Bank of Silicon Valley's attempt to support its financial situation failed miserably, leading to a crunch in the global banking industry. As we enter late March, more and more banks are in crisis. Despite high inflation rates, unrest in the banking sector has caused the Federal Reserve to slow down the pace of austerity, boosting the recovery of technology and other industries.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
ElvinLiewOP : Finished work...