Central issues: For the week ending June 28, loans under the Bank Term Funding Program (BTFP) of the Federal Reserve reached a record amount of $103.08 billion. The Fed is still bailing out banks, despite its efforts to reassure investors that the banking crisis is over, according to the milestone figure. According to market analyst…
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Key Ideas The decision to increase interest rates by 0.25% has negatively impacted the cryptocurrency market. Although this rate is lower than anticipated, the Fed still intends to control inflation and reduce it from 6% to only 2% over the long term. The price of bitcoin dropped significantly from $28,800 to $26,700. The US Federal…
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