WSJ Fed insider says its Open Market Committee (FOMC) preparing a 25bp rate hike next week
A weekend piece from Nick Timiraos in the Wall Street Journal. Says Federal Reserve officials are preparing to slow down from a 50bp rate hike in December to 25bp this time around (the meeting is January 31/February 1). And that further debate at the Federal Open Market Committee (FOMC) will centre on when to ‘paude’ […]
Genesis Is Preparing to File for Bankruptcy Within Days
Troubled crypto lender Genesis Global Trading, which has halted withdrawals, is in the final stages of preparation to file a Chapter 11 bankruptcy Bankruptcy Bankruptcy or insolvency constitutes a legal term and refers to being unable to repay debts. A business and a person can declare bankruptcy. When a person or company claims bankruptcy, it […]