2022-08-26 19:53:01
Key notes: POWELL was brief and sounded more determined in his speech to the central banks rally.
- No slowdown expected for the rise or fall of interest rates.
- Next FED meeting on September 21 with the possible objective of raising rates another 0.75%
- In the long term, the FED aims for neutral interest rates
- Cost of living increased by another 2.5%
- The cost of products will take time to return to normal. (maybe 3-4 years if we put ourselves in the context of other economic crises)
In term, I would say that the crypto market is not ready to take off again. However, there are possibilities for a better stability of the economy.
But if the economy has an increase in unemployment it will be a very bad scenario.
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