The Fed’s 75-basis-point rate increase will cause some pain.

Here are some tips for safeguarding your assets and pocketbook.

Use the Swap Hunter software to protect your equity.

The Fed’s 75-basis-point rate increase will cause some pain.

Here are some tips for safeguarding your assets and pocketbook.

This represents the Federal Reserve’s third 75-basis-point rate hike this year.

The Dow fell around 100 points on Thursday, while the S&P 500 and Nasdaq fell about 0.5% each as investors worried about the impact of tighter global monetary policy on growth momentum. On Wednesday, the Federal Reserve raised interest rates for the third time in a row, pledging to keep raising rates as high as 4.6% in 2023 until inflation is under control.

DOW Jones Industrial Average

Remember even if you are long the USD, or long on US equities, The Fed’s 75-basis-point rate increase will cause some pain.

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Gazprom Freeze the Flow

Gazprom freeze the flow through the Nord Stream pipeline and shut it indefinitely, citing maintenance requirements.

TTF natural gas futures, the European benchmark jumped almost 30% to approach €280 per megawatt hour after touching a three-week low of €203 on Friday.

The Nord Stream pipeline was already running at just 20% of capacity before flows were halted last week for a three-day maintenance period.

Gazprom’s decision is set to deepen an ongoing energy crisis in Europe, with countries trying to find alternatives to Russian gas supply, including liquefied natural gas from the US.

European Union ministers will have an emergency energy meeting this week to discuss the energy crisis and define special measures to fight rising costs, which could include gas prices caps.