Deutsche Bank Economists Expect Rate Cuts in the USA in 2024
Deutsche Bank strategists forecast the S&P 500 index to end next year 12% higher and surge to a record 5,100 point.
Bitcoin falls 7.2% to $26,634
Bitcoin dropped 7.2% to $26,634 on Thursday, losing $2,067 from its previous close.
Bitcoin, the world’s biggest and best-known cryptocurrency, is down 16.3% from the year’s high of $31,818 on July 13.
Ether , the coin linked to the Ethereum blockchain network, dropped 11.29% to $1,547.4 on Thursday, losing $203.8 from its previous close.
US stocks and bonds jump after inflation falls to 3.2%
The S&P 500 rose 1.9 per cent, its biggest one-day jump since April. The Nasdaq Composite climbed 2.4 per cent.
U․S․ Mortgage rates surged to a 21-year high
U.S. mortgage rates surged this week, with the popular 30-year fixed rate hitting the highest level in more than 21 years, further complicating the housing market outlook.
This page was last updated 25.09.2023 13:20
