The former head of BitMEX, Arthur Hayes, believes that “global wartime inflation” will stimulate quotes for Bitcoin and gold. According to him, the United States is actively supporting new wars, while #ФРС is faced with internal economic challenges.
“If long-term US Treasuries do not provide security to investors, then their money will seek alternatives. Gold and, most importantly, Bitcoin will rise due to real fears of global wartime inflation,” Hayes wrote in a new essay, “The Periphery.”
By the way, since the beginning of 2023, gold has increased in price by 8%, while Bitcoin has risen in price by 105%.
#мнение #АртурХэйес

Jerome Powell (chapter #ФРС ):

✍️ Inflation is still high and there is no guarantee of further progress.
✍️ There is significant progress in achieving the objectives of the dual mandate (economy and labor market).
✍️ This year's inflation data is higher than we expected. There was no progress!
✍️ The labor market is still tight.
✍️ Demand in the labor market still exceeds supply.
✍️ There is no greater confidence in the trajectory of lower inflation in the United States.
✍️ We do not believe that it is appropriate to reduce rates until there is evidence that inflation is confidently decreasing to 2%.
✍️ It may take more time to resume progress in the fight against inflation in the country.
✍️ There are risks associated with too late decisions to start reducing the rate.
✍️ It is unlikely that the Fed will raise rates at its next meeting.
✍️ We are focused on the timing of restrictive PrEP in the United States.
✍️ We are guided by the goals of price stability and maximum employment.
✍️ The US economy is resistant to the flexible approach in the Fed's monetary policy.