Markets closed out the week — and the year — in the red, as the so-called Santa Claus rally failed to materialize.

Fed officials and economists expect interest rates to stay high next year, with reductions unlikely until 2024.

Global markets were jolted overnight after Japan unexpectedly raised the cap on 10-year Japanese government bond yields, sparking a sell-off in bonds and stocks.

The famed investor expects a mild recession could take a turn for the worse on tightening monetary policy.

It was a tale of two halves this week, with stocks rising at the start of the week before reversing course on hawkish sentiment from the Federal Reserve.

The crypto currency market is rife with fraud, failures to comply with existing laws and big swings in volatility, Treasury’s financial stability watchdog said.