Goldman Sachs: Fed to hike interest rates in July

10月
31
2021-10-31 01:02
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On October 30, Goldman Sachs financial analyst Jan Hatzius said the CPI, excluding food and energy costs, would be further 4% higher next year by the cuts. In response to the risk of rising inflation, the Fed plans to hike rates in July 2022 and hike rates twice a year after the second rate hike in November. Hatzius said the main reason for his new estimate was that inflation should be higher than previously thought. Additionally, because inflation is higher than the target and the higher the performance, workers may decide that "further weakness in the market is a pattern or a will." (Canadian Press)

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ETFTrendsCEO: $ 20 trillion managed by financial advisers could be the biggest demand for crypto ETFs.
According to the October 31 news, ETF Trends CEO Tom Lydon said this week as part of CNBC's "ETF Edge" program that ETF investors are happy to invest in cryptocurrencies and trials. products like Bitcoin Futures ETFs are on the rise. Lydon points out that rising inflation, demand for alternative investments and current trends in the cryptocurrency space have put many minds and needs at the forefront of advisers entering the market. According to a survey by Bitwise Asset Management and ETF Trends, 81% of financial advisors said they ask questions about crypto in 2020, up from 76% in 2019. According to research, the number of consultants offering cryptocurrencies in their consumer portfolio fell from 6.3% to 9.4%. As the new Bitcoin futures ETFs launched by ProShares and Valkyrie Funds continue to heat up, Lydon said these commodities could be the key to securing trillions of dollars to investor needs. “There is money in the assets (CNBC), but there is never a better solution. So far, future ETFs could be that solution. It's the biggest one… on demand. "(CNBC)
2021-10-31 00:30

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