Tag: disinflation

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Economist Jim Rickards: Fed’s Narrative Is Wrong, Recession Coming

Jim Rickards, a renowned economist and author of several best-selling books, has explained that the recent Federal Reserve 0.5% interest rate cut shows that the institution has fallen behind the curve and is “in a little bit” of a panic mode, with a recession coming according to several technical indicators. Jim Rickards Warns About Coming…
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Bitcoin spikes above $24K as Fed chair Powell talks of ‘disinflation’

While the rate increase was expected by the markets and Jerome Powell indicated more increases will come, the market has reacted positively to the Fed chairman’s comments. The price of Bitcoin (BTC) broke through the $24,000 ceiling and the total crypto market cap jumped nearly 4% after United States Federal Reserve Chair Jerome Powell indicated…
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