🇦🇺 The RBA, Reserve Bank Of Australia, Has Increased Its Cash Rate Target By 25 Bps.

It Has Said:
- Monthly Cpi Shows Inflation Has Peaked In Australia
- Australian Economy Has Slowed
- Economy Is Uncertain
- Wage Growth Accelerating

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📣 Fed Chair Powell Testifies on today , 15:00 (GMT)

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📊 World Indices :

SPX - 4,048.42 (0.07%)

🚀 Cryptocurrencies :

Bitcoin USD - 22,378.96 (-0.3%)
Ethereum USD - 1,565.21 (-0.27%)

🌟 Commodities :

Gold - 1,840.80 (-0.74%)
Crude - 79.84 (-0.77%)
Silver - 20.830 (-1.44%)

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📣 Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated

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🇺🇸 President Joe Biden’s budget will propose hiking payroll taxes on Americans making over $400,000 per year, per Bloomberg.

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🚘 Tesla, $TSLA, scores the highest profit margin among the 10 largest automakers, per Bloomberg.

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🇮🇳 The Finance ministry brings crypto business in Money Laundering Act ambit

@Fin_Watch | link

📊 World Indices :

SPX - 3,986.37 (-1.53%)

🚀 Cryptocurrencies :

Bitcoin USD - 21,988.61 (-1.74%)
Ethereum USD - 1,550.72 (-0.93%)

🌟 Commodities :

Gold - 1,816.80 (-0.18%)
Silver - 20.120 (-0.39%)
Crude - 76.87 (-0.92%)

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📣 First time home buyers face the least affordable market on record, per Bloomberg.

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🚨 JUST IN: 🇺🇸 President Biden calls to double capital gains tax from 20% to 40%.

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📣 Silvergate Capital $SI to shut down operations and liquidate the bank.

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📣 Biden’s new proposed tax plan introduces all sorts of tax increases:

- Increases top tax rate from 37% to 39.6%.
- Increases capital gains tax from 20% to 39.6% for those making over $1M.
- Removes ability to realize losses on crypto trades.
- Increases corporate tax rate from 21% to 28%.
- Adds a new tax to small business owners.

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📊 Central bank gold purchases in 2022 hit all-time high since 1950

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