Australia raised interest rates by 25 basis points, taking them straight to an 18-year high of 4.85%, because AI investment and energy costs are so expensive that they pushed inflation higher.
In the end, it’s the real economy that pays the price for this AI boom. The global rate-hike cycle is far from over, liquidity is tightening, and risk assets are out of luck.
$BTC #Macro #RisingRates
In the end, it’s the real economy that pays the price for this AI boom. The global rate-hike cycle is far from over, liquidity is tightening, and risk assets are out of luck.
$BTC #Macro #RisingRates
