More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n
More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n
Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11435,"post_author":"13","post_date":"2023-05-03 16:30:58","post_date_gmt":"2023-05-03 06:30:58","post_content":"\n Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11435,"post_author":"13","post_date":"2023-05-03 16:30:58","post_date_gmt":"2023-05-03 06:30:58","post_content":"\n Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11435,"post_author":"13","post_date":"2023-05-03 16:30:58","post_date_gmt":"2023-05-03 06:30:58","post_content":"\n Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11435,"post_author":"13","post_date":"2023-05-03 16:30:58","post_date_gmt":"2023-05-03 06:30:58","post_content":"\n Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>United States May Fund Its Deficit By Printing More Money; Could Default By June 1st<\/a><\/p>\n\n\n\n Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11435,"post_author":"13","post_date":"2023-05-03 16:30:58","post_date_gmt":"2023-05-03 06:30:58","post_content":"\n Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"We have a possible debt default on our hands and a spreading bank crisis. The banking turmoil that started with Silicon Valley Bank's collapse in March remains unresolved, and First Republic's failure and takeover by CEO Jamie Dimon's JPMorgan has reignited worries about broader financial instability. Moreover, political disagreement about raising the U.S. government's borrowing limit is fanning fears of a debt-ceiling crisis.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>United States May Fund Its Deficit By Printing More Money; Could Default By June 1st<\/a><\/p>\n\n\n\n Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11435,"post_author":"13","post_date":"2023-05-03 16:30:58","post_date_gmt":"2023-05-03 06:30:58","post_content":"\n Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Many companies could face liquidity problems, and economist David Rosenberg has warned that the U.S. economy is facing two big risks. David Rosenberg said<\/a>:<\/p>\n\n\n\n \"We have a possible debt default on our hands and a spreading bank crisis. The banking turmoil that started with Silicon Valley Bank's collapse in March remains unresolved, and First Republic's failure and takeover by CEO Jamie Dimon's JPMorgan has reignited worries about broader financial instability. Moreover, political disagreement about raising the U.S. government's borrowing limit is fanning fears of a debt-ceiling crisis.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>United States May Fund Its Deficit By Printing More Money; Could Default By June 1st<\/a><\/p>\n\n\n\n Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11435,"post_author":"13","post_date":"2023-05-03 16:30:58","post_date_gmt":"2023-05-03 06:30:58","post_content":"\n Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Many analysts and economists are worried that the high-interest rates will push the economy into a recession. It is important to mention that government data showed last week that economic growth in the first quarter slowed sequentially, with real gross domestic product increasing at a 1.1% annual pace, compared with a 2.6% gain in the prior three-month period. With higher interest rates, companies need to spend more money to borrow money to invest in growth. Historically, higher rates lead companies to reduce spending (especially on hiring). <\/p>\n\n\n\n Many companies could face liquidity problems, and economist David Rosenberg has warned that the U.S. economy is facing two big risks. David Rosenberg said<\/a>:<\/p>\n\n\n\n \"We have a possible debt default on our hands and a spreading bank crisis. The banking turmoil that started with Silicon Valley Bank's collapse in March remains unresolved, and First Republic's failure and takeover by CEO Jamie Dimon's JPMorgan has reignited worries about broader financial instability. Moreover, political disagreement about raising the U.S. government's borrowing limit is fanning fears of a debt-ceiling crisis.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>United States May Fund Its Deficit By Printing More Money; Could Default By June 1st<\/a><\/p>\n\n\n\n Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11435,"post_author":"13","post_date":"2023-05-03 16:30:58","post_date_gmt":"2023-05-03 06:30:58","post_content":"\n Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Many analysts and economists are worried that the high-interest rates will push the economy into a recession. It is important to mention that government data showed last week that economic growth in the first quarter slowed sequentially, with real gross domestic product increasing at a 1.1% annual pace, compared with a 2.6% gain in the prior three-month period. With higher interest rates, companies need to spend more money to borrow money to invest in growth. Historically, higher rates lead companies to reduce spending (especially on hiring). <\/p>\n\n\n\n Many companies could face liquidity problems, and economist David Rosenberg has warned that the U.S. economy is facing two big risks. David Rosenberg said<\/a>:<\/p>\n\n\n\n \"We have a possible debt default on our hands and a spreading bank crisis. The banking turmoil that started with Silicon Valley Bank's collapse in March remains unresolved, and First Republic's failure and takeover by CEO Jamie Dimon's JPMorgan has reignited worries about broader financial instability. Moreover, political disagreement about raising the U.S. government's borrowing limit is fanning fears of a debt-ceiling crisis.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>United States May Fund Its Deficit By Printing More Money; Could Default By June 1st<\/a><\/p>\n\n\n\n Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11435,"post_author":"13","post_date":"2023-05-03 16:30:58","post_date_gmt":"2023-05-03 06:30:58","post_content":"\n Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The U.S. Central Bank warned that tighter credit conditions for households and businesses are expected to affect economic activity. In the picture below, we can see that even without this rise in interest rates, the federal funds rate was at the highest level since the 2007 financial crisis.<\/p>\n\n\n\n Many analysts and economists are worried that the high-interest rates will push the economy into a recession. It is important to mention that government data showed last week that economic growth in the first quarter slowed sequentially, with real gross domestic product increasing at a 1.1% annual pace, compared with a 2.6% gain in the prior three-month period. With higher interest rates, companies need to spend more money to borrow money to invest in growth. Historically, higher rates lead companies to reduce spending (especially on hiring). <\/p>\n\n\n\n Many companies could face liquidity problems, and economist David Rosenberg has warned that the U.S. economy is facing two big risks. David Rosenberg said<\/a>:<\/p>\n\n\n\n \"We have a possible debt default on our hands and a spreading bank crisis. The banking turmoil that started with Silicon Valley Bank's collapse in March remains unresolved, and First Republic's failure and takeover by CEO Jamie Dimon's JPMorgan has reignited worries about broader financial instability. Moreover, political disagreement about raising the U.S. government's borrowing limit is fanning fears of a debt-ceiling crisis.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>United States May Fund Its Deficit By Printing More Money; Could Default By June 1st<\/a><\/p>\n\n\n\n Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11435,"post_author":"13","post_date":"2023-05-03 16:30:58","post_date_gmt":"2023-05-03 06:30:58","post_content":"\n Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
As widely expected, the U.S. Central Bank raised interest rates by 25bps this Wednesday. It signalled it could pause further increases, giving officials time to assess the fallout from recent bank failures, wait on the resolution of a political stand-off over the U.S. debt ceiling and monitor the course of inflation. The federal funds rate is now in a range of 5% to 5.25%, which is the highest level since 2006. <\/p>\n\n\n\n The U.S. Central Bank warned that tighter credit conditions for households and businesses are expected to affect economic activity. In the picture below, we can see that even without this rise in interest rates, the federal funds rate was at the highest level since the 2007 financial crisis.<\/p>\n\n\n\n Many analysts and economists are worried that the high-interest rates will push the economy into a recession. It is important to mention that government data showed last week that economic growth in the first quarter slowed sequentially, with real gross domestic product increasing at a 1.1% annual pace, compared with a 2.6% gain in the prior three-month period. With higher interest rates, companies need to spend more money to borrow money to invest in growth. Historically, higher rates lead companies to reduce spending (especially on hiring). <\/p>\n\n\n\n Many companies could face liquidity problems, and economist David Rosenberg has warned that the U.S. economy is facing two big risks. David Rosenberg said<\/a>:<\/p>\n\n\n\n \"We have a possible debt default on our hands and a spreading bank crisis. The banking turmoil that started with Silicon Valley Bank's collapse in March remains unresolved, and First Republic's failure and takeover by CEO Jamie Dimon's JPMorgan has reignited worries about broader financial instability. Moreover, political disagreement about raising the U.S. government's borrowing limit is fanning fears of a debt-ceiling crisis.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>United States May Fund Its Deficit By Printing More Money; Could Default By June 1st<\/a><\/p>\n\n\n\n Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11435,"post_author":"13","post_date":"2023-05-03 16:30:58","post_date_gmt":"2023-05-03 06:30:58","post_content":"\n Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cWith our onramp options, Web3 companies can now outsource a bunch of the very important but tricky pieces to Stripe\u2014things like conversion and auth optimization, identity verification, fraud prevention, and so on. This allows companies to focus on what\u2019s unique to their business, and helps their customers start using Web3 services quickly and safely,\u201d<\/em> said Guillaume Poncin, head of engineering for crypto at Stripe.<\/p>\n","post_title":"Stripe Launches Fiat-to-Crypto Onramp To Accelerate Cryptocurrency Adoption","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"stripe-launches-fiat-to-crypto-onramp-to-accelerate-cryptocurrency-adoption","to_ping":"","pinged":"","post_modified":"2023-05-06 23:33:20","post_modified_gmt":"2023-05-06 13:33:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11491,"post_author":"14","post_date":"2023-05-04 21:53:10","post_date_gmt":"2023-05-04 11:53:10","post_content":"\n As widely expected, the U.S. Central Bank raised interest rates by 25bps this Wednesday. It signalled it could pause further increases, giving officials time to assess the fallout from recent bank failures, wait on the resolution of a political stand-off over the U.S. debt ceiling and monitor the course of inflation. The federal funds rate is now in a range of 5% to 5.25%, which is the highest level since 2006. <\/p>\n\n\n\n The U.S. Central Bank warned that tighter credit conditions for households and businesses are expected to affect economic activity. In the picture below, we can see that even without this rise in interest rates, the federal funds rate was at the highest level since the 2007 financial crisis.<\/p>\n\n\n\n Many analysts and economists are worried that the high-interest rates will push the economy into a recession. It is important to mention that government data showed last week that economic growth in the first quarter slowed sequentially, with real gross domestic product increasing at a 1.1% annual pace, compared with a 2.6% gain in the prior three-month period. With higher interest rates, companies need to spend more money to borrow money to invest in growth. Historically, higher rates lead companies to reduce spending (especially on hiring). <\/p>\n\n\n\n Many companies could face liquidity problems, and economist David Rosenberg has warned that the U.S. economy is facing two big risks. David Rosenberg said<\/a>:<\/p>\n\n\n\n \"We have a possible debt default on our hands and a spreading bank crisis. The banking turmoil that started with Silicon Valley Bank's collapse in March remains unresolved, and First Republic's failure and takeover by CEO Jamie Dimon's JPMorgan has reignited worries about broader financial instability. Moreover, political disagreement about raising the U.S. government's borrowing limit is fanning fears of a debt-ceiling crisis.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>United States May Fund Its Deficit By Printing More Money; Could Default By June 1st<\/a><\/p>\n\n\n\n Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11435,"post_author":"13","post_date":"2023-05-03 16:30:58","post_date_gmt":"2023-05-03 06:30:58","post_content":"\n Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources<\/a> told Reuters on Monday.<\/p>\n\n\n\n It would be the second consecutive time in quick succession that the investment bank trimmed its workforce after another 2% layoff last December. Part of the reason Morgan Stanley, which currently employs 82,000 people, cited in the recent past, includes a slowdown in mergers and acquisition deals and raising funds for its clients.<\/p>\n\n\n\n Last quarter, the New York-based bank saw its profits drop year-over-year, with a 32% decline in merger advisory and a 22% decline in its equity-underwriting business. Overall, the Wall Street banks have reported minimal Initial Public Offerings among startups amid a bearish market sentiment.<\/p>\n\n\n\n More importantly, growing fears that the global economy, specifically the US, could be sliding into a recession is weighing down on investment banks, including Morgan Stanley, pushing the need to reduce expenses. The firm\u2019s chief financial officer, Sharon Yeshaya, recently commented that expense management was a priority considering the broader market uncertainty and the high inflation rate.<\/p>\n\n\n\n Recent coverage<\/a> by Distributed showed that the US economy might enter into a mild recession in the face of another lending rate hike by the Federal Reserve to tackle the soaring inflation rate. Specifically, the Fed is expected to hike interest rates by a 25 basis, bringing the benchmark borrowing rate to between 5 and 5.25%, a step the economists fear could slow down growth and lead to a mild recession later in the year.<\/p>\n","post_title":"Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"morgan-stanley-to-slash-3000-jobs-amid-market-uncertainty","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:57","post_modified_gmt":"2023-05-04 03:04:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The Stripe-hosted onramp is being utilized by several Web3 companies to enable their users to buy crypto easily and directly into their self-custody wallets. Brave, Safe, 1inch, and Lens Protocol are among the companies using Stripe's onramp. Using the onramp, they can reduce the barrier between Web2 and Web3 and provide seamless experiences for their customers. <\/p>\n\n\n\n \u201cWith our onramp options, Web3 companies can now outsource a bunch of the very important but tricky pieces to Stripe\u2014things like conversion and auth optimization, identity verification, fraud prevention, and so on. This allows companies to focus on what\u2019s unique to their business, and helps their customers start using Web3 services quickly and safely,\u201d<\/em> said Guillaume Poncin, head of engineering for crypto at Stripe.<\/p>\n","post_title":"Stripe Launches Fiat-to-Crypto Onramp To Accelerate Cryptocurrency Adoption","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"stripe-launches-fiat-to-crypto-onramp-to-accelerate-cryptocurrency-adoption","to_ping":"","pinged":"","post_modified":"2023-05-06 23:33:20","post_modified_gmt":"2023-05-06 13:33:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11491,"post_author":"14","post_date":"2023-05-04 21:53:10","post_date_gmt":"2023-05-04 11:53:10","post_content":"\n As widely expected, the U.S. Central Bank raised interest rates by 25bps this Wednesday. It signalled it could pause further increases, giving officials time to assess the fallout from recent bank failures, wait on the resolution of a political stand-off over the U.S. debt ceiling and monitor the course of inflation. The federal funds rate is now in a range of 5% to 5.25%, which is the highest level since 2006. <\/p>\n\n\n\n The U.S. Central Bank warned that tighter credit conditions for households and businesses are expected to affect economic activity. In the picture below, we can see that even without this rise in interest rates, the federal funds rate was at the highest level since the 2007 financial crisis.<\/p>\n\n\n\n Many analysts and economists are worried that the high-interest rates will push the economy into a recession. It is important to mention that government data showed last week that economic growth in the first quarter slowed sequentially, with real gross domestic product increasing at a 1.1% annual pace, compared with a 2.6% gain in the prior three-month period. With higher interest rates, companies need to spend more money to borrow money to invest in growth. Historically, higher rates lead companies to reduce spending (especially on hiring). <\/p>\n\n\n\n Many companies could face liquidity problems, and economist David Rosenberg has warned that the U.S. economy is facing two big risks. David Rosenberg said<\/a>:<\/p>\n\n\n\n \"We have a possible debt default on our hands and a spreading bank crisis. The banking turmoil that started with Silicon Valley Bank's collapse in March remains unresolved, and First Republic's failure and takeover by CEO Jamie Dimon's JPMorgan has reignited worries about broader financial instability. Moreover, political disagreement about raising the U.S. government's borrowing limit is fanning fears of a debt-ceiling crisis.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>United States May Fund Its Deficit By Printing More Money; Could Default By June 1st<\/a><\/p>\n\n\n\n Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n
ADVERTISEMENT
Feared Mild Economic Recession<\/h2>\n\n\n\n
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Feared Mild Economic Recession<\/h2>\n\n\n\n
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Feared Mild Economic Recession<\/h2>\n\n\n\n
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Feared Mild Economic Recession<\/h2>\n\n\n\n
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Feared Mild Economic Recession<\/h2>\n\n\n\n
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Feared Mild Economic Recession<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Feared Mild Economic Recession<\/h2>\n\n\n\n
ADVERTISEMENT
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Feared Mild Economic Recession<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Feared Mild Economic Recession<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Feared Mild Economic Recession<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Feared Mild Economic Recession<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Feared Mild Economic Recession<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Feared Mild Economic Recession<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Feared Mild Economic Recession<\/h2>\n\n\n\n
ADVERTISEMENT
![\"\"](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2023\/05\/FED.jpg\")
<\/figure>\n\n\n\n\n
Feared Mild Economic Recession<\/h2>\n\n\n\n
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Feared Mild Economic Recession<\/h2>\n\n\n\n
ADVERTISEMENT
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Feared Mild Economic Recession<\/h2>\n\n\n\n
ADVERTISEMENT
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Feared Mild Economic Recession<\/h2>\n\n\n\n
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