Ramadan Mubarak to all our readers who are observing the holy month!
As we enter this time of reflection and spiritual renewal. Team Inspired Analyst is thrilled to have you with us.
For those who still have not subscribed, do it below:
Brace yourselves: Powell has done it again.
Well, well, well... looks like the Fed decided to rain on our parade yet again.
Earlier this week the Fed announced that they were raising interest rates for the second time this year, which means that borrowing money just got a little bit more expensive.
This news is not exactly the most exciting thing to hear, especially if you were planning on buying a new car or a house anytime soon.
However, According to Powell, the banking system is "sound," so we don't have to worry about another financial crisis just yet.
On the other hand, households and businesses might feel a bit of a squeeze in the coming months as borrowing becomes more expensive.
So, if you were hoping for some relief anytime soon, you might be out of luck.
Now, let's talk about the markets.
As expected, the news of the interest rate hike didn't exactly sit well with investors.
BTC and ETH both saw drops of over 2%, while the NASDAQ and S&P500 both fell around 1.5%.
It was a sea of red out there, and it wasn't pretty.
But don't worry, it wasn't all bad news. The markets quickly recovered, and most of the losses have been erased.
Overall, it was a bit of a rollercoaster ride for investors, but it's a good reminder that the markets can be unpredictable.
So, what does this all mean for you?
Well, if you're planning on borrowing money anytime soon, you might want to reconsider your plans.
Either way, it's always a good idea to keep an eye on the news and stay informed about what's happening in the world of finance.
If you want to stay ahead of the fluctuating market and maximize your crypto gains, Join our Discord group and receive premium signals from our expert team.
NFTs Take Over PlayStation
Get ready, gamers!
Sony Interactive Entertainment, the mastermind behind PlayStation, has some exciting news for us.
They're planning to incorporate NFTs and blockchain technology into PlayStation games!
So, how will NFTs be integrated into PlayStation games?
Sony's patent outlines several ways.
For one, they plan to create a marketplace where players can buy and sell NFTs. Imagine owning a unique item in a game that no one else has - that's pretty cool!
But it gets even better.
Sony's patent also mentions renting NFTs to streaming viewers and players of PlayStation.
This means that you could potentially get access to exclusive digital assets that can enhance your gaming experience.
And let's not forget about the potential for profit.
Sony's patent indicates that they plan to capture value when NFTs are acquired and resold.
So not only could NFTs make gameplay more fun, but they could also be a way for gamers to make some extra cash.
Overall, this is a super exciting development for PlayStation fans and the gaming community in general.
Thanks for reading today's newsletter! Keep learning, exploring, and staying inspired.
-Zain from Team Inspired Analyst
Signing off.
Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.