“With the US banking sector suffering a credit crunch following recent bank failures, and a buyout of First Republic…only just secured by US regulators and JP Morgan, the Fed will be weighing its rate decisions carefully from this point on,” Rust wrote. “However, if inflation refuses to budge, we could well see another hike, despite tighter credit conditions. It’s worth remembering that while a 5% inflation rate is lower than last year, it still points to rapid price rises from already elevated levels.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Source: https://www.coindesk.com/markets/2023/05/03/first-mover-asia-bitcoins-kimchi-premium-has-narrowed-but-the-korean-market-is-proving-resilient/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- :has
- :is
- a
- already
- and
- Another
- asia
- Bank
- bank failures
- Banking
- banking sector
- BE
- but
- Buyout
- by
- carefully
- Coindesk
- conditions
- could
- credit
- crunch
- decisions
- Despite
- elevated
- Fed
- First
- following
- from
- Hike
- HTTPS
- if
- images
- inflation
- inflation rate
- IT
- ITS
- jp morgan
- jpg
- just
- kimchi
- kimchi premium
- Korean
- Last
- Last Year
- levels
- Market
- Morgan
- of
- on
- plato
- Plato Data Intelligence
- PlatoData
- Point
- points
- Premium
- price
- rapid
- Rate
- recent
- Regulators
- remembering
- resilient
- Rises
- Rust
- sector
- Secured
- see
- Still
- suffering
- than
- that
- The
- the Fed
- this
- tighter
- to
- us
- US Regulators
- we
- weighing
- WELL
- while
- will
- worth
- year
- zephyrnet
More from CoinDesk
ARK Invest Sold $5M Worth of Grayscale Bitcoin Trust Shares Last Week
Source Node: 2400041
Time Stamp: Nov 27, 2023
Crypto Traders Hedge Bitcoin Rally After 40% Rise in 4 Weeks, Options Data Show
Source Node: 2498382
Time Stamp: Feb 28, 2024
U.S. Will Appeal Do Kwon’s Extradition to South Korea: Report
Source Node: 2507578
Time Stamp: Mar 8, 2024
California Moves Forward to Allow Vital Records to be Issued on Blockchain
Source Node: 1711170
Time Stamp: Sep 29, 2022
Ethereum Proof-of-Work Fork Stumbles as Justin Sun's Poloniex Supports Rival Fork
Source Node: 1670577
Time Stamp: Sep 16, 2022
Crypto Exchange Mango’s Legal Bills Swell, a Year After Alleged $116M Heist
Source Node: 2200428
Time Stamp: Aug 7, 2023
Bitcoin Looks Most Oversold Since Covid Crash, Key Indicator Suggests
Source Node: 2227633
Time Stamp: Aug 22, 2023
Nigeria’s SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
Source Node: 2506643
Time Stamp: Mar 7, 2024
Kenya's Crypto Crowd Hopes President-Elect Will Be Better Than Predecessor
Source Node: 1627789
Time Stamp: Aug 16, 2022
First Mover Asia: Ether Tumbles Below $1.5K; Ethereum Merge May Ding Demand for Chips, but Semiconductor Stocks Could Still Be a Good Buy
Source Node: 1666747
Time Stamp: Sep 15, 2022
Barry Silbert Resigns as Grayscale Chairman, to Be Replaced by Mark Shifke
Source Node: 2415036
Time Stamp: Dec 26, 2023
First Mover Asia: Blockchain-Enabled SIM Card for Crypto Investors Fuels Conflux Growth; Bitcoin Holds Near $27.3K After Fed Decision
Source Node: 2025621
Time Stamp: Mar 22, 2023