Shiba L2 Nears Launch, Binance.US Wins Court Approval to Acquire Voyager
Mar 8, 2023
Market Update Equities are recovering after selling off following Fed Chair Powell’s hawkish congressional testimony yesterday. The S&P and Nasdaq are up 0.28% and 0.66%, respectively. Powell acknowledged a recent string of strong economic data releases, which he stated could potentially lead to a higher peak interest rate than expected. He also said accelerating the pace of rate hikes was not off the table, reiterating the Fed’s data-driven approach to taming high inflation. Market expectations for future rate hikes repriced dramatically, now showing a 79% probability the Fed will increa