Breakfast Bites - Tue Mar 28, 2023
- Ayesha
- Mar 28, 2023
- 2 min read
Rise and shine everyone
No major news this morning. Blackrock says that Fed will not cut rates despite traders betting a banking turmoil will force the Fed’s hand. DoubleLine's Gundlach on the other hand, predicts US will be in recession in a few months, prompting "very dramatic" response by Fed
US Futures are flat. Gold recovers slightly to $1957 while USD remains subdued at $102.5. WTI Crude is up to $73 and Bitcoin remains down, post the news on legal action against Binance’s yesterday.