Dollar Gains, Stocks Slip As Fed Officials Talk Tough On Rates, Why the Crypto Crash Matters, Inflation followed by

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Dollar Gains, Stocks Slip As Fed Officials Talk Tough On Rates

The dollar rose and equity markets slid on Thursday after hawkish remarks from a Federal Reserve official that reminded investors a less aggressive monetary policy is unlikely with U.S. employment data still showing a tight labor market. Nagging recession and higher interest rate worries also rattled European markets. (Full Story)

Why the Crypto Crash Matters

The failure of the cryptocurrency exchange FTX put the entire industry under scrutiny. How could a $32 billion company vaporize overnight? That’s what anyone watching the sudden collapse of FTX, a hot cryptocurrency start-up that plunged into bankruptcy last week, might be puzzling over. Crypto die-hards are trying to distance themselves.

(Full Story)

Inflation

Inflation is coming down hard. And it's

coming down a lot faster than I think

people thought. Rents are growing but at

a much slower pace. The economy is

slowing on its own: our $32 trillion

deficit could force rates higher. This is

self-inflicted suicide! This is a terrible

idea and it's not necessary. Look at the

savings rate. Look at debt. Look at rents.

What are they looking at?

(Full Story)

Team News

Thankful

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Whether times are good or bad (happy or sad), we always stick together and support one another. When you have that kind of foundation, you can really build anything. And we are proud of what we’ve built.

This week, we are giving thanks to the people in our lives that always have our back. Our team, our business, our clients, our friends, and our family.

What are you thankful for?

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Martin Eiden Team

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Dollar Gains, Stocks Slip As Fed Officials Talk Tough On Rates, Why the Crypto Crash Matters, Inflation

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