The Fed will ‘inflict pain’ to get inflation down to 2 percent, said Alfonso Peccatiello, Author of The Macro Compass. The central bank’s resulting policy will adversely affect stocks and cryptocurrencies.
Peccatiello added the effect of the Fed’s policy on “risk assets” like stocks and crypto could be dire. “We’re talking almost 1 percent positive real yields in the U.S.,” said Peccatiello. “[Powell] has achieved that objective, which gives him credibility.”
When the fiat system and economy is clearly wrecked, inflation keeps running high, a food crisis is around the corner, interest rates are climbing, bonds are crashing and BTC and Gold are going down hill, what the heck is the true store of value? Oreo cookies?
Middle class is already destroyed no hope .
Pain pain pain for Bitcoin crypto No FED liquidity, No crypto industry.!!!👍🤷♂️