![]() On the other hand, Bitcoin's price fluctuated around $28,000 on Monday as investors awaited the US central bank's interest rate decision on Wednesday. Despite this, the dollar is holding losses as the Federal Reserve may adopt a more cautious policy approach regarding interest rates due to the recent financial turmoil, which has fueled speculation about a slower pace of tightening from major central banks worldwide. However, there are still some concerns, as seen by First Republic Bank's 47% slump to a record low. Australian stocks have already opened 0.9% higher, and futures for Hong Kong shares point to solid gains. This large debt issuance indicates that financial institutions are seeking alternative sources of funding, such as the FHLB, as liquidity from the Federal Reserve becomes scarce.Īsian equities are also expected to rise following the gains on Wall Street. The FHLB is a US government-sponsored entity that provides funding to other banks and financial institutions to support housing finance and economic development. Many investors believe that the banking turmoil is not systemic and that a solution will be found to contain the damage.įurthermore, last week the Federal Home Loan Bank System issued $304bn in debt, almost double the $165bn that liquidity-hungry lenders borrowed from the Federal Reserve. ![]() ![]() ![]() The S&P 500 index has seen gains in all 11 groups, and US lenders have recovered after a 15% decline the previous week. Good morning, traders! Let’s seize this Tuesday relentlessly and make the most of it! □Īfter the recent financial turmoil, central banks worldwide have taken measures to increase market confidence, which has resulted in a rise in stock prices. # Crypto Daily Digest: Central Banks Worldwide Take Action to Boost Market Confidence, Bitcoin and Ether Decline
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