Federal Reserve – Page 28 – One America News Network

US equity funds attract inflows for third week in a row

U.S. equity funds drew inflows for a third consecutive week with investors clinging to hopes of rate cuts this year.

Consumer spending appeared to be slowing in the first quarter amid rising inflation and high borrowing costs.

Bitcoin hit a record high, fueled by investors pouring money into U.S. spot exchange-traded crypto products.

U.S. manufacturing slumped further in February, with a measure of factory employment dropping to a seven-month low.

Traders speculate on the Federal Reserve’s next move, predicting potential interest-rate cuts to address economic trends.

Bitcoin surges towards a record high fueled by ETF approvals and investor excitement, marking its largest monthly gain in over three years.