In this week’s episode of Market Talks, we welcome Yashu Gola, a Mumbai-based financial analyst and technology journalist at Cointelegraph with a strong focus on Bitcoin (BTC), smart contracts, exchange assets, nonfungible tokens, commodities and global stocks. Gola has been covering the cryptocurrency industry since 2014 and does not expect to stop anytime soon.
First things first, the United States Federal Reserve has just announced a 75-basis-point increase in interest rates, which resulted in the markets taking a tumble. Why did this happen, what difference does it make to you, and why should you be concerned? We asked Gola to break it down for us.
Is Fed Chair Jerome Powell just prolonging the economic pain by slowly increasing interest rates, or should he just rip the band-aid off and increase the rate to the year-end target of 4.4%? What impact would that have on the market, and how will the number one