Federal Reserve’s Rate Hike Cycle Has Peaked, Investment Banks Say

Back then, most central banks, including the Fed, were pumping record amounts of money into the system through zero interest rate policy and unlimited bond buying to help the global economy absorb the shock from the coronavirus pandemic. They are unlikely to revert to the ultra-easy policy in the near term. Recently, the Bank of Japan, the last heavyweight running a loose monetary policy, has begun turning hawkish. Source

Morgan Stanley CEO Says Inflation Has Peaked and China Has Made a Major Pivot – Economics Bitcoin News

Morgan Stanley CEO James Gorman says two changes have happened recently that “really matter” to the economy. The executive explained that inflation has clearly peaked and China has made a “major, major pivot” economically. Morgan Stanley’s CEO on U.S. Economy and Inflation The chairman and CEO of global investment bank Morgan Stanley, James Gorman, discussed the U.S. economy and China’s relationship with the U.S. in an interview with CNBC Thursday in Davos, Switzerland. “Two things have changed recently that really matter,” he began, noting that the first concerns inflation while…

Realized losses from FTX collapse peaked at $9B, far below earlier crises

Blockchain analytics firm Chainalysis has attempted to put the FTX collapse into perspective — comparing peak weekly-realized losses in the wake of the exchange’s collapse compared to previous major crypto collapses in 2022. The Dec. 14 report found the depegging of Terra USD (UST) in May saw weekly-realized losses peak at $20.5 billion, while the subsequent collapse of Three Arrows Capital and Celsius in June saw weekly-realized losses peak at $33 billion.  In comparison, weekly realized losses during the FTX saga peaked at $9 billion in the week starting Nov. 7, and…

Citadel CEO Ken Griffin Says Inflation May Have Peaked — Warns a Recession Is Coming – Economics Bitcoin News

Citadel CEO Ken Griffin says inflation may have peaked but a recession is coming. “We’re in a very uncertain time for investors,” the executive cautioned, adding that the Federal Reserve “is grappling with a level of inflation we haven’t seen in a long time.” Citadel’s Ken Griffin on U.S. Economy, Inflation, Recession, and Cryptocurrency Kenneth Griffin, founder and CEO of global investment firm Citadel, shared his views on a variety of topics, including the U.S. economy and cryptocurrency, at the CNBC Delivering Alpha conference Wednesday. “It’s a very uncertain time,”…

Good news for Bitcoin: New CPI data suggests inflation has peaked

In this weeks episode of Market Talks we welcome senior market analyst at Cubic Analytics, Caleb Franzen. Caleb is a Senior Market Strategist at Cubic Analytics, analysing new data/charts on the economy, the stock market, and Bitcoin to make better investment decisions. He is also a former corporate banking & portfolio analyst. The main topic of discussion with Caleb will be the new CPI data and what they mean for the crypto market, specifically Bitcoin (BTC). Is there a correlation between the data and the recent price pump? How sustainable…

Tesla CEO Elon Musk Says Inflation Has Peaked — But We’ll Have a Recession for 18 Months – Economics Bitcoin News

Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 months. “We do get a fair bit of insight into where prices of things are going over time,” the billionaire explained, noting that “inflation is going to drop rapidly.” Elon Musk Explains Why He Thinks Inflation Has Peaked and Recession Will Last 18 Months Tesla and Spacex CEO Elon Musk shared his view on the U.S. economy, inflation, and recession during Tesla’s 2022 annual meeting of stockholders Thursday. Replying to…

MicroStrategy’s CEO Warns that Inflation has Not Peaked, and Neither has Bitcoin

Key takeaways: MicroStrategy’s CEO, Michael Saylor, has warned that the US inflation at 8.6% has not peaked. Mr. Saylor offers some hope in that he believes Bitcoin has also not peaked in value. Anthony Pompliano thinks that the US inflation is probably in the double digits. In terms of finding a bottom, Bitcoin could eventually fall lower to $21k or even $13.5k. MicroStrategy CEO, and popular Bitcoin Perma bull, Michael Saylor, has warned that the inflation in the United States has not peaked. Mr. Saylor’s comment comes on the backdrop…

Bitcoin falls back under $30K while 8.3% US CPI shows signs inflation has peaked

Bitcoin (BTC) dropped by $1,500 in minutes on May 11 as the latest United States inflation data delivered mixed sentiment on the economic outlook. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin puts in fresh 10-month lows Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD diving from $31,500 to abruptly pierce the $30,000 support as the Consumer Price Index (CPI) figures went live. At 8.3%, CPI outpaced estimates by 0.2% but still fell 0.2% compared to last month’s readout. Reactions naturally began to focus on the idea that peak inflation…