Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Torque (1)
The Fed and Jay Powell is so so so full of shit.
They'll look at all the seasonal spending over the summer (which would be a completely normal, typical level of spending by the way), call it "still inflation" and hike again in September.
But who the fk cares at this point. It really doesn't matter what they do for the rest of this year.
They've already signaled that a change in monetary policy is coming next year. They are already signaling that rates cuts are coming.
But why, out of the blue, would they just start cutting rates come first of next year?
Hint: they won't. There's no fkn way they start cutting rates without a valid reason. That reason is the (planned) rug-pull event they already have hashed out.
Whatever the trigger will be, whatever dominoes they allow to fall, it will be a shitshow.
And the Fed will be all like, "Oh wow, who could have seen that coming?? Hur dhur, I guess we have to cut rates now."
They'll look at all the seasonal spending over the summer (which would be a completely normal, typical level of spending by the way), call it "still inflation" and hike again in September.
But who the fk cares at this point. It really doesn't matter what they do for the rest of this year.
They've already signaled that a change in monetary policy is coming next year. They are already signaling that rates cuts are coming.
But why, out of the blue, would they just start cutting rates come first of next year?
Hint: they won't. There's no fkn way they start cutting rates without a valid reason. That reason is the (planned) rug-pull event they already have hashed out.
Whatever the trigger will be, whatever dominoes they allow to fall, it will be a shitshow.
And the Fed will be all like, "Oh wow, who could have seen that coming?? Hur dhur, I guess we have to cut rates now."
They would "have" to do a rug-pull because if they don't and just start cutting rates because the inflation is getting low, then real estate would jump and, therefore, the forward looking inflation expectations would increase as well, defeating the whole carefully orchestrated "program".