Macro Market The Federal Reserve on July 27th enacted its second consecutive 0.75 percentage point interest rate which led overnight borrowing rate up to a range of 2.25%-2.5%. This move represents the most stringent consecutive action since the early 1990s. Besides, the US GDP growth release at -0.9% led the economy technically into recession as the GDP growth was negative in 2 consecutive quarters. However, the market recovered slightly despite the bad news.
Kyber Ventures Monthly Update - July
Kyber Ventures Monthly Update - July
Kyber Ventures Monthly Update - July
Macro Market The Federal Reserve on July 27th enacted its second consecutive 0.75 percentage point interest rate which led overnight borrowing rate up to a range of 2.25%-2.5%. This move represents the most stringent consecutive action since the early 1990s. Besides, the US GDP growth release at -0.9% led the economy technically into recession as the GDP growth was negative in 2 consecutive quarters. However, the market recovered slightly despite the bad news.