Circle Agrees to Buy Tazapay. Can Over $25B in Annualized Payment Volume Improve USDC Monetization?
We haven't written up this one. Yahoo Finance has the full story — the link below goes straight to it.
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UAE interest rates rise as Saudi Arabia, Qatar, Bahrain and Oman hike while Kuwait holds
UAE interest rates rise after the US Fed hike, with Saudi Arabia, Qatar, Bahrain and Oman also raising rates while Kuwait holds steady
US Federal Reserve sends Gold to fresh one-month lows
Spot Gold (XAU/USD) is closing Wednesday with losses, trading around $4,250 after hitting an intraday high of $4,366.
US Fed chair Kevin Warsh explains why the Federal Reserve raised interest rates
The Federal Reserve increased interest rates by 0.25 percent. This action was driven by a strengthening US economy and rising inflation. Domestic spending remains resilient and job gains are keeping pace. Inflation has stubbornly stayed above the Federal Reserve's target for years.
- U.S. economy's strong growth and geopolitical factors prompted Fed rate hike
- Fed increased interest rate range by 0.25% to 3.75%-4%
- Persistent high inflation is primary focus of Fed's mandate