Traders, however, are likely wrong in pricing rate cuts as forward-looking metrics point to stagflation ahead, Noelle Acheson, author of Crypto is Macro Now newsletter, explained during CoinDesk’s Twitter spaces event on Wednesday. The CPI data is backward-looking and exposed to base effects, which tend to hide the true picture.
Related posts
-
Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Bitcoin Mining Rigs Chalk Up Losses as BTC Slumps to $54K
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Bitcoin Nears Bottom? QCP Analysts Spot Signs of Capitulation as Prices Tumble Below $58K
Recent trading patterns have led QCP Capital, a prominent trading firm, to highlight potential signs of...