Hold Your Breath For A Fed Pivot?
Tim Mulholland, President, TJM Limited
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New jobless data came in below forecast with the labour market showing strength while retail sales were increasing at the fastest pace in 8 months. Does this mean that Fed Fund peak rate is still a long way off and will it peak at 5%? Separately, on cryptos - what does the collapse of FTX hold for listed Crypto exchanges like Binance and Coinbase and cryptocurrencies as a whole? For insights we speak to Tim Mulholland, President of TJM Limited.
Image credit: Shutterstock
Produced by: Michael Gong
Presented by: Shazana Mokhtar, Chong Tjen San, Philip See
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Categories: markets, economy, international
Tags: fed fund, labour market, retail sales, ftx exchange, cryptocurrencies,