##  [# Hot Reads: Financial Industry Titans Back Crypto Exchange](/sections/daily-hot-reads/hot-reads-financial-industry-titans-back-crypto-exchange) 

 

# Hot Reads: Financial Industry Titans Back Crypto Exchange

 

 

 Plus, why a 1% rate hike is a bad idea.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Sep 16, 2022

 Edited by: ETF.com Staff

 

 

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*Compiled by ETF.com Staff*

**[Fidelity, Schwab Among Backers of New Crypto Exchange](https://www.thinkadvisor.com/2022/09/15/fidelity-schwab-among-backers-of-new-crypto-exchange/ "https://www.thinkadvisor.com/2022/09/15/fidelity-schwab-among-backers-of-new-crypto-exchange/")** (ThinkAdvisor)  
 Trading titans and brokerage firms are building a crypto exchange that brings investing in digital assets further into the domain of traditional finance.

**[The Case Against a Mega 1% Federal Reserve Rate Increase](https://www.advisorperspectives.com/articles/2022/09/15/the-case-against-a-mega-1-federal-reserve-rate-increase "https://www.advisorperspectives.com/articles/2022/09/15/the-case-against-a-mega-1-federal-reserve-rate-increase")** (Advisor Perspectives)  
 Talk that the Fed needs to raise interest rates in even bigger chunks starting with its meeting next week is a shocker.

**[Desperately Seeking Yield](https://www.capitalspectator.com/desperately-seeking-yield-16-september-2022/)** (Capital Spectator)  
 Higher yields are a positive byproduct of rising interest rates.

**[New Lawsuits Threaten Target-Date Fund Industry](https://www.advisorperspectives.com/articles/2022/09/15/new-lawsuits-threaten-the-target-date-fund-industry "https://www.advisorperspectives.com/articles/2022/09/15/new-lawsuits-threaten-the-target-date-fund-industry")** (Advisor Perspectives)  
 The cases open the door to a related and scandalous breach of fiduciary duty: excessive risk.

**[Founder of World's Largest Hedge Fund Rails Against Fed](https://www.benzinga.com/government/22/09/28886429/dalio-rails-against-feds-interest-rate-hike-predicts-stock-price-plummet-of-20 "https://www.benzinga.com/government/22/09/28886429/dalio-rails-against-feds-interest-rate-hike-predicts-stock-price-plummet-of-20")** (Benzinga)  
 Ray Dalio predicts 20% stock plummet.

**[Mortgage Rates Climb Above 6% for First Time Since 2008](https://www.fa-mag.com/news/mortgage-rates-climb-above-6--for-first-time-since-2008-69696.html "https://www.fa-mag.com/news/mortgage-rates-climb-above-6--for-first-time-since-2008-69696.html")** (FA Magazine)  
 The year's rapid rise in borrowing costs has slammed the brakes on the U.S. housing market.

**[Study: 20 Years of Failure For Active Managers](https://www.evidenceinvestor.com/new-study-shows-20-years-of-failure-for-active-managers/)** (The Evidence Based Investor)  
 Only 18% of actively managed funds outperformed their self-declared benchmark.

**[Quality ETFs Can Help Fight Inflation](https://finance.yahoo.com/news/invest-quality-etfs-fight-volatility-143002871.html)** (Yahoo Finance)  
 They reduce volatility relative to vanilla funds and can hold up against market swings.



 

 

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