Related:Ultimately, the data shows the U.S. economy is returning to a state we haven’t seen since before the financial crisis of 2008-09, one in which economic growth and inflation remain relatively consistent. A U.S. interest rate averaging around 4% over three years would be no surprise in this old world, nor would annual inflation greater than 2%.
The Federal Funds Rate from January 2000 through August 2023. Source: Board of Governors of the Federal Reserve System. In the short-to-medium term, of course, this means that we will all be sitting and waiting for the U.S. Securities and Exchange Commission to make its ruling on the teetering pile of Bitcoin spot ETF applications it has sitting on its desk, submitted by the world’s largest asset managers.Franklin Templeton — one of the oldest asset managers in the U.S. — has joined BlackRock, Fidelity, Invesco, and others in the race to launch a mass-market fund for the world’s biggest cryptocurrency.
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