Tag Archives: fed

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Tesla boss Elon Musk opines that the Fed’s attempts to stem inflation may inadvertently induce a full-blown recession.Elon Musk believes that the Federal Reserve must cut interest rates immediately or risk incurring a severe recession. The outspoken Tesla CEO made his opinion known in an early tweet Wednesday, which read:“Trend is concerning. Fed needs to cut interest rates immediately. They are massively amplifying the probability of a severe recession.” According to Musk, the Fed’s...

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In late September, the Fed made the decision to hike rates once again. Joe Biden and the democrats in office have contributed greatly to inflation and other problems due to their lackluster and outright failing economic policies, and the Fed has consistently been forced into a position of pushing rates more north as a means of fighting the problems being caused by this administration. The Fed Has Hiked Rates and Bitcoin Suffered Whenever this happens, the price of...

We are in a recession. The United States has experienced two consecutive quarters where the GDP is exceedingly low, and by all definitions, this is exactly what a recession is. There are many people out there that continue to talk about how it’s something that could happen, but nobody is really talking about the fact that it’s already here in many ways, and it’s never been more evident than through the tanking crypto prices that 2022 has witnessed. Crypto Continues to...

It appears bitcoin and crypto traders are doing their best to ignore any upcoming rate hikes set to be instituted by the Fed and that they are working hard to get past all the damage that’s already been done to the industry. The Fed Has Hurt BTC The Federal Reserve (Fed) has been on a roll as of late. That roll has involved hiking rates as a means of fighting inflation, which has been running rampant under failing commander-in-chief Joe Biden. However, it has come to...