Brian Brooks – Chief Executive Officer of the crypto infrastructure provider Bitfury – thinks the Federal Reserve’s approach to tackling inflation is one reason for the current downturn. He also criti...
Tag: Inflation
Short-Term Bitcoin Traders Will Suffer From The Fed’s Battle With Inflation, Says BitFury CEO ⋆ ZyCrypto
Advertisement     BitFury’s CEO thinks the Federal Reserve’s aggressive stance on inflation could hurt short-term Bitcoin traders. He explains that the Feds’ decisions...
IMF Expects US Economy to Experience High Inflation for at Least Another Year or Two – Coinotizia
The International Monetary Fund (IMF) expects the U.S. economy to experience high inflation for at least another year or two. “I would be careful about looking at one data point for the U.S.,” IMF Fir...
Federal Reserve Fighting Inflation Is Bad For Bitcoin Says Bitfury CEO
The Federal Reserve’s (Fed) war on inflation is suppressing the price of Bitcoin, says Bitfury CEO Brian Brooks. According to the Bitfury boss, traders do not perceive BTC as a great hedge against inf...
IMF Expects US Economy to Experience High Inflation for at Least Another Year or Two – Economics Bitcoin News
The International Monetary Fund (IMF) expects the U.S. economy to experience high inflation for at least another year or two. “I would be careful about looking at one data point for the U.S.,” IMF Fir...
We’re going to have one whopper of a recession in 2023
The U.S. economy is going to fall into a recession next year, according to Steve Hanke, a professor of applied economics at Johns Hopkins University, and that’s not necessarily because of higher...
Goldman Sachs Urges Investors to Buy Commodities Now — Expects Equities to Suffer as Inflation Stays Elevated – Economics Bitcoin News
Global investment bank Goldman Sachs has urged investors to buy commodities now and worry about a recession later. The firm’s analysts see commodities as “the best asset class to own during a late-cyc...
U.S. needs miracle to avoid recession, economist Stephen Roach warns
Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chairman of Morgan Stanley Asia, warns the ...
Avoid money-losing names after Powell’s tough inflation stance
CNBC’s Jim Cramer said Monday that investors whose portfolios include money-losing companies should steel themselves for more downside in light of Federal Reserve Chair Jerome Powell’s spe...
Jerome Powell Agonized on The Rising Inflation in the U.S.
The United States is experiencing red hot inflation and the authorities are doing every possible thing to make things back to normal. Fed Chair Jerome Powell spoke at The Jackson Economic Symposium ex...
Fed rate hikes won’t curb inflation if spending stays high, paper says
John C. Williams, president and chief executive officer of the Federal Reserve Bank of New York, Lael Brainard, vice chair of the Board of Governors of the Federal Reserve, and Jerome Powell, chair of...
Dow Falls 200 Points—Market Selloff Continues As Investors Worry About Higher Interest Rates
Topline The stock market moved lower once again on Monday—following a sharp selloff on Friday—as investors continue to worry about ongoing interest rate hikes and tighter monetary policy from the Fede...
“climate change has a clear impact on inflation”
“If more and more climate disasters, droughts and famines occur throughout the world, there will be repercussions on prices, on insurance premiums and on the financial sector,” said Christine Lagarde ...
These money and investing tips can help you roll with the Fed’s inflation-fighting punches
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! More: Learn how to shake up your financial routine at the ...
Seven Cost-Saving Ways Americans Can Beat Inflation in 2022
Americans looking for relief from inflation got some bad news from Federal Reserve Chair Jerome Powell this week. Speaking at a Federal Reserve conference in Jackson Hole, Wyoming, Powell told attende...
‘Inflation Fever’ Is Finally Breaking — But Central Banks Won’t Stop Hiking Rates
(Bloomberg) — Global inflation is finally coming off the boil, even if it’s set to remain far too hot for the liking of the world’s central bankers. As economic growth slows, prices for key raw ...
ECB President Christine Lagarde Blames Climate Change for Europe’s Torrid Inflation – Economics Bitcoin News
According to the French politician currently serving as the president of the European Central Bank (ECB), Christine Lagarde, Europe’s scorching hot inflation can be blamed on climate change. During he...
If Economists Fear Inflation, It’s a Sign You Should Not
It was a running joke in the late 1990s at Goldman Sachs that its well-to-do clients would call the investment bank to learn the predictions of the firm’s economists, only to commit capital to outcome...
Physicians Would Need Almost 27 Hours A Day To Provide Optimal Patient Care, Per New Study
In a new study published in the Journal of General Internal Medicine, researchers found that in order to provide guideline-recommended care, a primary care physician would require nearly 26.7 hours pe...
Fed chief Powell ‘did what he needed to do’ in Jackson Hole, Larry Summers says
“ ‘The Fed is positioned as well as it can be — given the credibility losses and mistakes that there have been — with these remarks to manage things going forward.’ ” — Larry Summers Former U.S. Treas...
Crypto will become an inflation hedge — just not yet
In theory, Bitcoin (BTC) should serve as a hedge against inflation. It’s easy to access, its supply is predictable, and central banks cannot arbitrarily manipulate it. However, investors aren’t treati...
A Martian Assesses The Great 1970s Inflation
At the Federal Reserve conference in Jackson Hole this week, all attention was on inflation. Chair Jerome Powell seemed to have moved the markets when his tight-money comments coincided with a 1000-po...
Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns
“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sh...
Powell Says Fed’s Battle With Inflation Will Bring ‘Some Pain,’ After Insisting Last Year Elevated Inflation Is ‘Likely to Prove Temporary’ – Economics Bitcoin News
On Friday, Jerome Powell spoke at the annual Jackson Hole Economic Symposium and the Federal Reserve chair explained that the U.S. central bank is focused on fighting the country’s red-hot inflation. ...
Fed Chief Talks Tough on Inflation. There’s More Pain Ahead for the Stock Market.
From left: Fed officials Jerome Powell, Lael Brainard, and John Williams ponder the great outdoors during a break at the economic symposium at Jackson Hole. David Paul Morris/Bloomberg Text size Grand...
Inflation Will Keep Driving Markets Lower, Amundi’s Blanque Says
(Bloomberg) — The Western world can expect to live with inflation running between 4% and 5% for years, and sharply lower asset prices as a result, according to Pascal Blanque, chairman of the Am...
Fed Can’t Fix Fiscal-Driven Inflation: Jackson Hole Paper
(Bloomberg) — The Federal Reserve won’t be able to curb inflationary pressures because they are rooted in expansionary fiscal policy, according to a paper presented at the central bank’s annual ...
How the U.S. government can keep household debt in check
On Aug. 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers making less than $125,000 annually. But student loans account for less than 10% of hou...
Why Stephanie Link Says Jerome Powell Sounds More Hawkish — And She Expects Inflation To Move Higher
At the Federal Reserve’s annual Jackson Hole Economic Symposium on Friday, Fed Chairman Jerome Powell said the central bank’s plan to cut inflation to 2% will cause “some pain” for U...
Bitcoin price gains 3.5% as US PCE data supports shrinking inflation
Bitcoin (BTC) rose rapidly later on Aug. 26 as fresh economic data from the United States furthered hopes of a pivot from the Federal Reserve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingVi...
The Federal Reserve Can’t Back Down on Inflation in the Face of Recession
Text size The prospect of recession is raising alarm among households, firms, and investors alike. Spencer Platt/Getty Images About the author: Carl Tannenbaum is the executive vice president and chie...