FINSOC Weekly Wraps Vol.14

Jul 22, 2021 Weekly Wraps

• Federal Reserve Officials expect the central bank to begin raising interest rates next year, forecasting 2 hikes by 2023
• Scott Morrison and Boris Johnson have agreed to sign an in-principle agreement towards a free trade deal
• Bitcoin remains relatively resilient despite the US Federal Reserve announcing plans to increase interest rates twice in 2023 addressing fears of inflation
• Woolworths stock fell 1.6% after allegations of wage underpayments from the Fair Work Ombudsman
• JP Morgan has agreed to buy the online investment management platform Nutmeg, moving in line with its strategy to establish a standalone digital bank brand in the UK this year