Economic historians from the University of Cambridge and strategists like Mark Zandi argue that central banks always end up giving in to political pressure and economic deterioration.
Although the futures market analysts’ consensus has begun pricing in rate hikes for oil reaching $100, a recent Bloomberg survey of 80 economists found that most still maintain their projection that the next move by the Fed will be a cut.
The technical argument from these professors is that the U.S. labor market is already showing deep cracks. If the Fed keeps rates high to fight a supply shock (expensive energy due to the war), it will ultimately trigger a severe and unnecessary recession—forcing an aggressive cut out of sheer survival for the financial system.
And what do you think: Will there be a cut to interest rates? How do you believe a rate cut would affect the price of bitcoin and the Altcoins?
Giorgio Sferraza
Although the futures market analysts’ consensus has begun pricing in rate hikes for oil reaching $100, a recent Bloomberg survey of 80 economists found that most still maintain their projection that the next move by the Fed will be a cut.
The technical argument from these professors is that the U.S. labor market is already showing deep cracks. If the Fed keeps rates high to fight a supply shock (expensive energy due to the war), it will ultimately trigger a severe and unnecessary recession—forcing an aggressive cut out of sheer survival for the financial system.
And what do you think: Will there be a cut to interest rates? How do you believe a rate cut would affect the price of bitcoin and the Altcoins?
Giorgio Sferraza