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As Inflation Surges, Bitcoin Maintains

As Inflation Surges, Bitcoin Maintains



The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Here are some of the “highlights” of yesterday’s Federal Open Market Committee (FOMC) meeting:

  • POWELL: INFLATION COULD TURN OUT TO BE HIGHER AND MORE PERSISTENT THAN WE EXPECT
  • FOMC: FED MAINTAINS $80 BILLION TREASURY BUYING, $40 BILLION MBS BUYING PER MONTH
  • FOMC: FED WILL CONTINUE BOND BUYING UNTIL SUBSTANTIAL FURTHER PROGRESS ON GOALS
  • POWELL: EVEN AFTER LIFTOFF, POLICY WILL REMAIN HIGHLY ACCOMMODATIVE
  • POWELL: DOTS ARE NOT A GREAT FORECASTER OF FUTURE RATE MOVES

Powell’s comments on inflation were telling, but somewhat expected. There is nothing that could be said to escape the reality of the situation that the Federal Reserve (along with other global central banks) have found themselves in.



bitcoinmagazine.com/

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