US Recession: Will Federal Reserve Cut Interest Rate To Avoid Chaos?
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
The US market is at the verge of a major recession according to several market data, a reality that might trigger the Feds to step in
The US recession scare is getting more intense, especially with the soaring stock market volatility. Economic data unleashed in the past few weeks have not helped the market resilience with most stocks taking series of beating over the last 30 days.
While the odds are not in the favor of the economy, the question remains whether the Feds will step up to save the day.
Why is US Recession More Likely?
An earlier insight shared by market analyst Game of Trades revealed major trends that shows the economy might slip soon.
First, he pointed out how the S&P 500 chart is at the verge of a major correction after about a year. This correction will come after sky-high stock market valuation that has seen top firms hit massive peaks.
Just like the stock market, the digital correction ecosystem might also record similar corrections moving on. While many projection higher highs for Bitcoin (BTC), the correlation with the stock market is a major factor to note.
The potential stock and crypto market selloff is also complemented by the trends in the yield curve.
According to Game of Trades, this yield curve is showcasing a steep trend, one that speaks to a possible US recession.
In addition to these, the Shiller PE Ratio is at its highest level after 150 years. The Shiller PE Ratio is a metric that shows whether the stock market is overvalued or undervalued.
With stocks like NVIDIA soaring above $3 trillion recently, and MicroStrategy outperforming in growth terms, this ratio shows over-valued market.
#USRecession #FederalReserve #FOMC #Crypto #Bitcoin $BTC $ETH $BNB