The financial world held its breath once again this week for the bi-monthly ritual of a dozen central planners handing down their latest pronouncements on the global price of money. The world’s most powerful attorney Jerome Powell surprised many traders – who had been taking an increasingly bearish view of near-term rate cuts on the back of recent upward reversals in reported inflation metrics – with news that the Federal Reserve still expects three rate cuts this year, with a tapering of the central bank’s “Quantitative Tightening” program to begin soon. Markets reacted positively to the news and equity indices ripped to new all-time highs once again as investors assessed the prospect for easier monetary policy even in the face of headline inflation metrics that
“Bitcoin’s Board of Directors could not be reached for comment.” 😂 Perfect contrast to “The Ethereum Foundation did not return a request for comment” quote in the linked Coindesk article.
“Bitcoin’s Board of Directors could not be reached for comment.” 😂 Perfect contrast to “The Ethereum Foundation did not return a request for comment” quote in the linked Coindesk article.