The danger of letting political interests control supposedly neutral data and science is obvious when terms are made subjective to fit the current narrative.
Analysts are predicting the Federal Reserve will turn dovish, but timelines for this remain unclear. The Bitcoin Magazine Pro team shares their thoughts.
The FOMC increased interest rates by 0.75 percentage point while indicating ‘unusually large’ hikes may be appropriate in future meetings; Bitcoin’s price jumps.
CPI inflation data reached a 40-year high of 9.1% in June with the largest price increases occurring in the energy sector, seeing fuel and oil rising almost 100%.
Bitcoin’s consistent issuance schedule makes it a consistent asset in times of inconsistent monetary policy. It will outlast any of the Federal Reserve’s plans.
PREDICT BITCOIN
