Month: October 2022

Front row L-R: Henrick Rajamountry – Head of Marketing, ACY Securities, Brendon Zhu – Deputy Mayor of Willoughby City Council, Jimmy Ye – Chief Executive Officer, ACY Securities, Tanya Taylor – Mayor of Willoughby City Council, Jam Xia – Willoughby City Council Councillor. Second row L-R: Andrew Taylor – Managing Director, ACY Connect, Kris Wang
<ul><li>Fed to keep raising rates for a while</li><li>needs to see sustained drop in inflation to change policy outlook</li><li>Fed actively trying to slow economy to curtail fresh inflation</li><li>Fed has made disappointing progress at lower inflation</li><li>Fed funds rate likely well above 4% by year-end</li><li>Future Fed rate actions will be driven by how the data performs</li><li>Expects Fed policy
Market picture Bitcoin stays under pressure, slipping to $18.9K in low-liquid trading in Asia on Thursday morning, recovering to $19K by the start of the European session. Volatility remains compressed, allowing BTCUSD to cramp further into the corner of the triangle. A formal confirmation of an exit from the triangle we will get with a