Bitcoin, XRP posting gains, here might be a reason for rebound Crypto $BTC $XRP
, if the Federal Reserve and other central banks continue raising interest rates, the world economy might enter a recession and then experience protracted stagnation, a United Nations agency warned on Monday.
The warning is being issued amid growing unease over how quickly the Fed and its counterparts are raising borrowing costs to rein in spiraling inflation. The United Nations Conference on Trade and Development warned the Fed against continuing with its current course of swift rate increases in its annual report on the state of the world economy.
However, some observers are unconvinced that the Fed will abandon or dramatically slow the so-called liquidity tightening anytime soon, and they expect renewed dollar strength. In the meantime, analysts are keeping their eyes on this Friday's non-farm payrolls — the U.S. Labor Department's monthly jobs report for September.
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