Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Cryptocurrencies and tech stocks fell as strong US economic data fueled fears of delayed rate cuts by the Fed.

flag Bitcoin and major cryptocurrencies dropped over 5% on concerns of a strong US economy and potential Federal Reserve interest rate hikes. flag This follows strong economic data, including a rise in the ISM Services PMI and job openings, which suggests the Fed may delay rate cuts, impacting risk assets like tech stocks and cryptocurrencies. flag The broader stock market also declined, with the S&P 500 down 1.24% and tech-heavy NASDAQ down 2.01%. flag Higher Treasury yields also contributed to the market downturn.

47 Articles