104 sats \ 0 replies \ @quark 26 Jul 2023
This was so priced in. No surprises at all. But Powell said they don't expect 2% inflation until 2025 ! This means that they could hike another 25 bps for sure but it also means that the pause could be much longer if there is not a recession, or landing at all. However they are often wrong about inflation forecasts. One could think they should be better at it since it's their job to control inflation but reality is they are not. Same people that insisted that inflation was going to be transitory.
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100 sats \ 0 replies \ @lightcoin_ 26 Jul 2023
why are we getting this FIAT news on our BITCOIN feed? xD
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0 sats \ 0 replies \ @OriginalSize 27 Jul 2023
"Oww my bonds!" - the cry of a new tranche of insolvent banks who wonder if they're privileged enough to get bailed out.
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