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Cryptos and stocks rebound as investors brush off interest rate concerns to buy the dip
It was a day of recovery for financial markets as cryptos and stocks rebounded from yesterday’s Fed-inspired pullback, with investors brushing aside concerns regarding interest rate hikes and cuts to buy the dip on their favorite assets. The uptick in stocks comes as “traders anticipate further corporate earnings reports and key labor market insights later in the week,” said analysts at Secure Digital Markets. “This follows a mixed session on Wall Street, reacting to the Fed's decision to maintain interest rates and to taper quantitative tightening more than expected – from a $60 billion monthly redemption ... (full story)