Cleveland Federal Reserve President Loretta Mester said the U.S. central bank will likely need to raise interest rates again this year and then keep them at higher levels for some time to bring inflation back to its 2% target. However, Mester said the final decision will depend on how the economy develops, citing a slowdown in China, the possibility of an extended strike by auto workers and a possible government shutdown as risks to inflation and growth expectations.Cleveland Federal Reserve President Loretta Mester said the U.S. central bank will likely need to raise interest rates again this year and then keep them at higher levels for some time to bring inflation back to its 2% target. However, Mester said the final decision will depend on how the economy develops, citing a slowdown in China, the possibility of an extended strike by auto workers and a possible government shutdown as risks to inflation and growth #expectations .

Inflation remains one of the most pressing problems today. I often say that investing is one way to hedge against inflation. Let's take a look at how different asset classes behave during inflation.👀 ✅Fixed return investments: When inflation exceeds interest rates, your real income becomes negative. Essentially, you lose purchasing power. To counteract this, investors often turn to assets with the potential for higher returns, such as stocks, real estate, and cryptocurrencies. 📈Stocks: Historically, stocks have proven to be an effective hedge against inflation. Companies can raise the prices of their goods and services in response to inflation, which can lead to higher profits and stock prices. However, not all stocks behave the same way during periods of inflation. Investors may prefer companies with strong pricing power and competitive advantages. 🏠Real assets (real estate and commodities): Specific assets such as real estate and commodities (e.g., gold, oil) tend to maintain or grow in value during periods of inflation. Real estate can benefit from rising rents, while commodity prices can rise due to increased production costs. 💰Cryptocurrencies: Crypto, like Bitcoin, has gained acceptance as a potential hedge against inflation. With a fixed supply and decentralized nature, crypto is protected from the inflationary policies of central banks. More and more investors are seeing crypto as a store of value, similar to digital gold.

Cleveland Fed President Loretta Mester: I suspect we may well need to raise the fed funds rate once more this year. Policy decisions will need to be guided by actual progress on our dual mandate goals, in particular, whether the good rate of progress we have seen on inflation…

Main Events Today in the World of Finance, Business, and Cryptocurrencies 🫥 Euro Zone ==================== Collective declines in European indicators at the end of Monday's session 🫥 German ‌ #DAX⁩ index closes down by about 0.91% French ‌ #CAC⁩ index closes with losses of about 0.94% British ‌ #FTSE⁩ index closes with a decline of about 1.28%‌ #STOXX600⁩ index closes with losses of about 1.01%. 😆 US Stock Market =============== 🔥 Mixed results at the end of Monday's session in ‌ #Wall_Street⁩ Dow Jones index declines by about 2.22%S&P 500 index closes flat‌ #Nasdaq⁩ index rises by about 0.67%. ♨️ Key Statements from Federal Reserve Members and Economic Data ======== 🔴 Today, industrial purchasing managers' index data was released contrary to market expectations. This index is important for forecasting future interest rates, as it provides an overall insight into the general economic performance and whether it is heading towards a recession or not. The data this time was positive, indicating that the economy is moving away from a recession, something the Federal Reserve does not want as it contributes to rising inflation. Therefore, these data support a strengthening of the dollar on one hand and negatively affect gold and currencies on the other hand. 🔴 During her statements today, Federal Reserve member Michelle Bowman affirmed that it is likely appropriate for the US Federal Reserve to consider raising interest rates again. 🔴 Inflation remains excessively high. 🔴 I see a risk that high energy prices could reverse some of the recent progress made by the US Federal Reserve in reducing inflation. 🔴 The repetition and scope of recent data revisions complicate the task of predicting how the economy will evolve. 🔴 Progress regarding inflation is expected to be slow given the current level of monetary policy constraints. 🧨‌ ‌ #Jamie_Dimon⁩: ‌ #The_Fed⁩ may raise interest rates by an additional 150 basis points. #BTC #usa

🐳 What is cryptocurrency? Cryptocurrency (or “crypto”) is a digital currency used as an alternative payment method or as an investment. Cryptocurrencies get their name from the cryptographic techniques that enable people to buy, sell or trade them securely without the need for a controlling authority, such as a government or financial institutions. For example, Bitcoin was developed primarily to be a form of payment that isn't controlled or distributed by a central bank. 🐳Why do people invest in cryptocurrencies? People invest in cryptocurrencies for the same reason anyone invests in anything. They hope its value will rise, netting them a profit. 🐳 Is cryptocurrency a good investment? Cryptocurrency is a relatively risky investment, no matter which way you slice it. Generally speaking, high-risk investments should make up a small part of your overall portfolio — one common guideline is no more than 10%. You may want to look first to shore up your retirement savings, pay off debt or invest in less-volatile funds made up of stocks and bonds. “benefits of cryptocurrency* 🐳Transaction speed 🐳Transaction costs 🐳Accessibility 🐳Security 🐳Privacy 🐳Transparency 🐳Diversification 🐳Inflation protection Benefits of crypto investment 🐳Quick Profit ,financial freedom and work freely when you want Bad effects of cryptocurrency 🐳You will loss all if you are not professional and can not control emotion

The Rise of Cryptocurrencies: Most Popular Countries in 2023 Digital assets, also known as cryptocurrencies, have gained significant interest and popularity worldwide in recent years. As of 2023, several countries with a cryptocurrency ownership rate of more than 25% highlight the ascent of this digital economy. 1. Turkey: The Emerging Star of Cryptocurrencies Turkey stands out as a leading adopter of cryptocurrencies. Many individuals in the country are using Bitcoin, Ethereum, and other cryptocurrencies as investment vehicles. This trend is rapidly spreading among citizens aiming to strengthen the country's economic stability and protect against inflation. Turkey's cryptocurrency ecosystem offers substantial opportunities for investors and entrepreneurs. 2. Vietnam and Indonesia: The Rise of Cryptocurrencies in Asia Countries like Vietnam and Indonesia in Asia are notable regions where cryptocurrency popularity is on the rise. Their young populations and openness to technology contribute to the rapid proliferation of cryptocurrencies. Both individuals and businesses are exploring new opportunities related to digital assets. 3. Argentina and Brazil: The Cryptocurrency Strongholds of Latin America In Latin America, particularly in countries like Argentina and Brazil, cryptocurrencies are widely used. These nations are battling economic instability, and people view cryptocurrencies as a hedge against inflation. This perception accelerates the acceptance of cryptocurrencies in these regions. Global Impact and Future of Cryptocurrencies The ownership of cryptocurrencies in these countries could support the further growth of the digital economy and accelerate financial transformation. As cryptocurrencies become more widely adopted worldwide, significant changes may occur in traditional financial systems. Therefore, the global impact of cryptocurrencies is closely monitored by many individuals and organizations involved in the financial sector.

What is Bitcoin Halving and why does the price of Bitcoin go up every time it happens in 4 years? The Bitcoin halving is a process that happens roughly every four years. During a halving, the reward for Bitcoin mining is cut in half. The purpose of this is to control inflation by making Bitcoin more scarce over time. When the supply of newly created Bitcoins decreases, and if demand remains the same or increases, it can drive up the price. Here's how it works: Bitcoin transactions are verified by a decentralized network of miners who solve complex math problems. Currently, miners are rewarded with 6.25 BTC (worth about £87,000) for adding a group of transactions to the Bitcoin blockchain. This reward reduces by half every 210,000 blocks, which is about every four years. The first halving occurred in November 2012, followed by others in July 2016 and May 2020. The initial reward for mining was 50 BTC per block, and it halves with each halving event. The final halving will take place in 2140, capping the total number of Bitcoins at 21 million, with miners being compensated through transaction fees. #CryptoNews #crypto2023 #cryptocurrency #BTC #crypto

Uptober: Analyst Evaluates the Possibility of Cryptocurrency Surge in October A recent analysis of the cryptocurrency market by Trustnodes suggests that October could be one of the best months for crypto returns, based on historical data. The report noted that in recent years, October has generally been a positive month for cryptocurrencies, with the exceptions being 2014, 2018, and 2022, which experienced bear markets. For instance, in 2015, cryptocurrencies saw gains of 32% in October, and in 2019, there was a 10% increase. However, the analysis points out that 2023 marks the second year of a bear market, and the outlook for October remains uncertain. Furthermore, the analysis emphasizes that, based on the available data, 2023 may be more akin to 2015 than 2019. The analysis also touched upon September's performance, noting that it appears to be closing with modest gains, estimated at around 2% or more. The cryptocurrency market's volatility, particularly during the first year of a bear market, was also discussed in the analysis. It highlighted that while historical data provides valuable insights, market sentiment plays a significant role, and many investors act as traders, leading to sharp price fluctuations. Moreover, it pointed out that the value of Bitcoin, when adjusted for inflation, has not yet reached 2017 levels. Despite significant adoption growth since 2017, Bitcoin's price has not adequately reflected this expansion. The analysis also highlighted that the market is eagerly anticipating Bitcoin's next halving, a scheduled event that will cut miner rewards in half. This event is widely anticipated by investors and could significantly impact the market. However, the analysis concludes by reminding investors that an October surge may be limited to a maximum of 10% to 15%, as the era of significant Bitcoin price volatility has subsided with the influx of institutional investors. #bitcoin

Bitcoin’s Future Amid US Government Shutdown The US government is facing a possible shutdown on November 17, 2023, if Congress fails to agree on a budget deal. A shutdown would affect many aspects of the federal government, from national parks to welfare programs. But what would it mean for Bitcoin, the leading cryptocurrency that has been gaining popularity and value in recent years? Bitcoin is a decentralized digital currency that operates without the need for a central authority or intermediary. It is powered by a network of computers that validate transactions and maintain a shared ledger called the blockchain. Bitcoin users can send and receive payments across borders, without relying on banks or governments. A government shutdown could have both positive and negative effects on Bitcoin. On the one hand, a shutdown could boost the demand for Bitcoin as an alternative store of value and medium of exchange, especially if the US dollar weakens or inflation rises. Bitcoin could also benefit from increased media attention and public awareness, as more people look for ways to hedge against uncertainty and instability. On the other hand, a shutdown could also pose some challenges for Bitcoin. For instance, a shutdown could disrupt some of the regulatory and legal frameworks that govern Bitcoin in the US, such as tax reporting, anti-money laundering, and consumer protection. A shutdown could also affect some of the infrastructure and services that support Bitcoin, such as exchanges, wallets, and payment processors. Moreover, a shutdown could trigger a broader economic slowdown or crisis, which could dampen the appetite for riskier assets like Bitcoin. Overall, the future of Bitcoin amid a US government shutdown is hard to predict, as it depends on many factors and scenarios. However, one thing is certain: Bitcoin will continue to operate independently of any government intervention or interference, as it was designed to do. As long as there is demand for a censorship-resistant, peer-to-peer, and global currency, Bitcoin will have a place in the world. #crypto

Bitcoin halving explained The Bitcoin halving is when the reward for Bitcoin mining is cut in half. Halving takes place every four years. The halving policy was written into Bitcoin’s mining algorithm to counteract inflation by maintaining scarcity. In theory, the reduction in the pace of Bitcoin issuance means that the price will increase if demand remains the same. “Bitcoin’s production scarcity is what defines its finiteness, and when reward goes down, supply is constrained,” says Chris Kline, chief operating officer of Bitcoin IRA. “Increasing demand at a time when supply is constrained has a positive impact on price, which can make bitcoin alluring to investors.” How does Bitcoin halving work? A decentralised network of validators verify all Bitcoin transactions in a process called mining. They are paid 6.25 BTC when they are the first to use complex math to add a group of transactions to the Bitcoin blockchain as part of its proof-of-work mechanism. At the current Bitcoin price, 6.25 BTC is worth about £87,000, a decent incentive for miners to keep adding blocks of Bitcoin transactions running smoothly. Those blocks of transactions are added roughly every 10 minutes, and the Bitcoin code dictates that the reward for miners is reduced by half after every 210,000 blocks are created. That happens roughly every four years in periods that are often accompanied by heightened Bitcoin price volatility. When was the first Bitcoin halving? The first Bitcoin halving occurred in November 2012. The next halving was in July 2016, and the most recent halving was in May 2020. The reward, or subsidy, for mining, started out at 50 BTC per block when Bitcoin was released in 2009. The amount drops in half each time a new halving takes place. For instance, after the first halving, the reward for Bitcoin mining dropped to 25 BTC per block. The last halving will occur in 2140. At that point, there will be 21 million BTC in circulation and no more coins will be created. From there, miners will just be paid with transaction fees.