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The Week in Review
• The Federal Reserve’s tightening monetary policy continues to be most investors’ top concern. With prices rising at their fastest pace in 40-years, the central bank is committed to hiking rates in an attempt to cool off the economy. These actions could have the potential to tip the economy into a recession. Investors are looking to determine where inflation is headed and how the Fed will respond.
• Wall Street remains focused on the health of the broader economy. Sentiment may have been impacted this week by the European Central Bank’s announced plans to hike rates for the first time in a decade. While investors have been grappling with a rising-rate environment in the US, that’s now also true for the Eurozone.
For more economic news and how it affects your money, visit the SoFi app.
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This Week’s Top Stories
As volatility persists, making a defensive posture prudent, SoFi’s Head of Investment Strategy argues it’s time to evaluate whether there’s enough cyclical exposure in your portfolio.
What the data is starting to tell us is that the economy is slowing from a demand perspective, which should help slow inflation.
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A recent report shows customer dissatisfaction with brands and agencies is on the rise. The moratorium on impatience companies enjoyed during the height of the pandemic may be coming to an end.
Forrester Research’s most recent report shows the reversal of a positive trend in customer experience with companies and government agencies.
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Could the “Wild West” days of crypto be coming to an end? Yes, if Congress gets its way. New legislation introduced yesterday would categorize most digital coins as “commodities.”
This paves the way for the Commodity Futures Trading Commission to have regulatory oversight. The SEC would have a narrower focus. It means Bitcoin (
BTC) would be treated like oil, wheat, coffee, or corn.
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Deep Dives from SoFi Learn
Our monthly roundup of articles from around the web includes tips for avoiding FOMO this summer, spending less, doing home improvements on a budget, and more.
Resisting FOMO can be key to staying on budget and actually being able to afford all those summer plans you have. From basic budgeting and investing to resisting unnecessary home and wedding upgrades, we’ve got some tips to help you avoid temptation so you’re not broke before summer even begins.
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Here’s 40 companies that give useful student discounts
College may be expensive, but student discounts can help. Here’s a list of college discounts on clothes, food, travel, and entertainment.
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Go through the Bitcoin timeline, from 2009 - 2022, which includes the pivotal years of its growth.
Here we will look at the volatile price history of the world’s most famous cryptocurrency in terms of three waves of big price increases, some general history of the technology, where the price is now, and what the future could hold.
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