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A Final Fed Hike & Recession

It's all about the Fed - 25 bps rate hike confirmed, but higher recession risks. Also, the Asia Week Ahead: RBA policy meeting plus regional trade data, and more.

April 30, 2023

Welcome to the Blockhead Business newsletter, your go-to source for industry developments, news and insights in the world of digital assets.

Asia-led and global in scope, we bring you a weekly roundup of the industry's most important business and economic developments, along with expert analysis and commentary from top professionals in the field.

Whether you're a fund manager, professional investor, or simply interested in the world of digital assets, our newsletter is your essential guide to navigating the future of finance.


CAPITAL FLOWS IN GLOBAL MARKETS

With data showing inflation is falling, the Federal Reserve can take a breather following next week's predicted rate rise. Wall Street soared and benchmark Treasury rates fell after robust earnings reports over the past the week.

After Amazon warned of a potential slowdown at the beginning of Friday's session, which echoed Thursday's weaker-than-expected first-quarter US GDP data, the market had a rough start.

But Wall Street stocks ended Friday, the week and April higher.

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