Bitcoin Hovers Near $21K as Investors Look to Avoid Another Weekend Slump
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S&P 500 recently up 2.4% and tech-heavy Nasdaq rise 2.5% after a revision in the University of Michigan’s May monthly consumer sentiment index. The index now shows expectations for inflation lower than first reported. It was a faint sign that the U.S. economy may be cooling and that the central bank may not have to raise interest rates as dramatically as is widely expected. The U.K. central bank is expected to keep raising interest rates in the next few months but may not need to do so as much as it did in the past. The market is now set to close out the year's first full-year of interest rate hikes in the coming months, which are expected to take effect. Source