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    Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

    Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

    Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

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    Scottish independence: Who could lead pro-UK group during next referendum campaign?

    Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

    Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

    Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

    Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

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    Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

    Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

    Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

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    SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

    Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

    Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

    SNP Government accused of failing to rule out 12% rise in water charges

    SNP Government accused of failing to rule out 12% rise in water charges

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    SNP and Greens in Edinburgh council coalition talks as historic deal looms

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      Inflation rises again to new 40-year high

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      Bank of England hikes interest rates to 1.25%

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      Hiring activity in Scotland slows amid steep decline in staff availability

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      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

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      Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

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      Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

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      Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

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      Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

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      Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

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      Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

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      Magene MG70 Electromagnetic Indoor cycling bike

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      Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

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      Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

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      Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

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      Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

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      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

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        Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

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        WhatsApp makes huge change to group chats for users from today

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        Email scam warning issued as fraudsters impersonate government and make enticing offer

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        Apple warning as tech giant says replacement batteries could lead to safety issues

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        Weight loss coach shares Asda's low-calorie ready meals that helped him drop 18 stone

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        Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

        Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

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        Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

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        The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

        Wales’ green, yellow, amber and red school colour codes expected to be scrapped

        Wales’ green, yellow, amber and red school colour codes expected to be scrapped

        Exam board says grades ‘will be more generous’ amid A level paper complaints

        Exam board says grades ‘will be more generous’ amid A level paper complaints

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        The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

        Did the Queen go to school and what did she study?

        Did the Queen go to school and what did she study?

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        Who does Larry the Downing Street cat belong to?

        Who does Larry the Downing Street cat belong to?

        Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

        Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

        Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

        Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

        Scottish independence: Who could lead pro-UK group during next referendum campaign?

        Scottish independence: Who could lead pro-UK group during next referendum campaign?

        Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

        Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

        Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

        Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

        Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

        Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

        Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

        Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

        SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

        SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

        Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

        Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        Trending Tags

        • Business
          Inflation rises again to new 40-year high

          Inflation rises again to new 40-year high

          Bank of England hikes interest rates to 1.25%

          Bank of England hikes interest rates to 1.25%

          Hiring activity in Scotland slows amid steep decline in staff availability

          Hiring activity in Scotland slows amid steep decline in staff availability

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

          Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

          Knowing The Debt Collection Practices

        • Sports
          Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

          Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

          How to choose a spin bike (3)

          How to choose a spin bike?

          Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

          Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

          Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

          Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

          Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

          Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

          Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

          Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

          Magene MG70 Electromagnetic Indoor cycling bike (1)

          Magene MG70 Electromagnetic Indoor cycling bike

          Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

          Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

          Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

          Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

          Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

          Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

          Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

          Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Trending Tags

          • Technology
            Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

            Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

            Nine red flag signs a phone could be hacked – from overheating to mystery calls

            Nine red flag signs a phone could be hacked – from overheating to mystery calls

            WhatsApp makes huge change to group chats for users from today

            WhatsApp makes huge change to group chats for users from today

            Email scam warning issued as fraudsters impersonate government and make enticing offer

            Email scam warning issued as fraudsters impersonate government and make enticing offer

            Apple warning as tech giant says replacement batteries could lead to safety issues

            Apple warning as tech giant says replacement batteries could lead to safety issues

          • Health
            Weight loss coach shares Asda's low-calorie ready meals that helped him drop 18 stone

            Weight loss coach shares Asda's low-calorie ready meals that helped him drop 18 stone

            ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

            ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

            Armband VS chest strap heart rate monitor, which is better

            Armband VS chest strap heart rate monitor, which is better?

            Parents warned against giving water to breastfed babies even in heatwave

            Parents warned against giving water to breastfed babies even in heatwave

            Sex can help men live longer – and has important health benefits for woman too

            Sex can help men live longer – and has important health benefits for woman too

          • Entertainment
            Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

            Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

            Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

            Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

            Safe sex advice in new monkeypox guidance from experts amid UK outbreak

            Safe sex advice in new monkeypox guidance from experts amid UK outbreak

            Parkinson’s early sign could appear in sleep as experts warn to be on look out

            Parkinson’s early sign could appear in sleep as experts warn to be on look out

            Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

            Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

          • Life Style
          • Travel
          • Education
            The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

            The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

            Wales’ green, yellow, amber and red school colour codes expected to be scrapped

            Wales’ green, yellow, amber and red school colour codes expected to be scrapped

            Exam board says grades ‘will be more generous’ amid A level paper complaints

            Exam board says grades ‘will be more generous’ amid A level paper complaints

            The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

            The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

            Did the Queen go to school and what did she study?

            Did the Queen go to school and what did she study?

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          The Fed May Not Be Aggressive in Raising Interest Rates in July, What’s the Fate of Crypto? — Blockchain Media Indonesia

          July 19, 2022
          in Crypto
          Reading Time:4min read
          Share on FacebookShare on Twitter

          The Fed’s policies will always influence the crypto market. We look forward to new dynamics at the end of this month, is the rate hike more aggressive to reach 100 basis points?

          Thomas Peterffy, Director of Interactive Brokers believes the Fed probably won’t raise interest rates this month more aggressively than before, as the central bank fears it will bring down the economy, what about crypto if that happens?

          The current inflation rate in the US is 9.1 percent year-on-year, as of last June 2022. That was the strongest inflation during a similar period in 1981.

          The big inflation is the impact of years of low interest rate policies, plus quantitative easing policies, plus the 2020 pandemic and the 2022 Russia-Ukraine war.

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          To overcome that, since November 2021 the Fed is planning to start quantitative tightening which basically pulls the dollar from the market, coupled with raising interest rates. The impact is clear, the dollar’s value against a number of other currencies skyrocketed to 109 a few days ago, based on the dollar index (DXY). Another central bank voiced the same thing, having suffered the same fate.

          A number of observers argue that the policy of high interest rates, if not carried out effectively or too aggressively, will lead to a recession, because economic growth slows down.

          After last month’s US inflation of 8.6 percent, the Fed also decided to raise its benchmark interest rate by 75 basis points. Now that inflation has jumped to 9.1 percent, the Fed is expected to raise another 100 basis points.

          However, some observers say otherwise, that the Fed could only raise 75 basis points as before at the FOMC later this month, not by 100 basis points.

          The crypto market suffered a slump following the release of inflation statistics, but recovered quickly over the weekend.

          According to Thomas Peterffy, a billionaire and the Founder and CEO of Interactive Brokers, he believes the Fed will not follow the aggressive pattern of hikes it outlined last month.

          “I don’t believe the Fed will follow through on its promise to do what it takes” [untuk menurunkan inflasi-Red]because they are afraid of destroying the economy and exploding debt problems,” he said Finbold.

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          This can be interpreted, that the massive and gradual increase in interest rates in July 2022 will have a negative effect on the stock and crypto markets that have been falling since November 2021. And if the opposite happens, the Fed softens a little, then the value of the crypto market in particular, could strengthen again, when Monday (18/7/2022), reenter US$1 trillion.

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          the fed crypto market

          At its meeting in June, the Fed decided to raise interest rates by 75 bps, citing the need to take urgent action to combat inflation.

          The organization said it would make every effort to bring down inflation, even though doing so may be costly and carry inflation risks. This was also confirmed by the Ministry of Finance Janet Yellen at that time.

          Technically, the US is already in a recession, because economic growth has slowed for two consecutive quarters. This is also another factor that the Fed may not raise interest rates by 100 bps as predicted by market participants.

          Another thing is because the unemployment rate in the US began to fall during the second quarter, plus the price of fuel at the retail level has started to subside, which is a good sign, that inflation next month may be lower.

          On July 14, 2022, Trading Economics forecastthe dollar index (DXY) continued to strengthen until the third quarter of 2023, reaching 114. This score was last reached on May 13, 2002 and in early March 1986, after the super aggressive interest rate policy of 1981.

          US economic forecast

          Meanwhile, the inflation rate (inflation rate) as of June 2022, 9.1 percent will peak, before dropping to around 8.5 percent in the 3rd quarter of this year, then shrinking to 1.9 percent in the 3rd quarter of 2023 (in line with the Fed’s target, 2 percent).

          While the interest rate (interest rate) is expected to move the most at 3.75 percent in the 3rd quarter of 2022.

          Soft landing (without a recession) may be avoided, as the unemployment rate may be held at 3.6 percent through the first quarter of 2023.

          The Fed and Impact on Crypto Markets

          The only chance for the crypto market to bounce higher is when interest rates pressured lower, so the dollar weakened as last year. It also had to be accompanied by a recession, which forced the Fed to pour more dollars into the market to save the economy. [ps]

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