Fed’s Powell Set to Remove Punch Bowl That Lubricated Crypto Party

“Our assumption is that the updraft in commodity prices will diminish into mid-year, and base effects will finally allow an emerging downtrend in the year-over-year inflation metrics,” Englund told CoinDesk in an email. “This should diminish pressure on the Fed to address inflation, and should allow for quarter-point hikes at just every other meeting, leaving five hikes for 2022 overall (in March, May, June, September and December).”

Source: https://www.coindesk.com/markets/2022/03/11/feds-powell-set-to-remove-punch-bowl-that-lubricated-crypto-party/?utm_medium=referral&utm_source=rss&utm_campaign=headlines