Crypto Markets Put the ‘Pump’ in ‘Pumpkin’
The Breakdown
00:00
Is the Fed Feeling Like They're Starting to Do Their Work?
The key narrative pattern of markets this bear cycle is one, rumor of a pivot and two, market does better because people are excited about a pivot. The Fed has usually at this point said you're getting ahead of yourself, send a bunch of people to be really hawkish, and then pointed to some sad data number that shows why they have to be so hawkish. So what are we hearing from the Fed? Well, there is certainly some pressure on the Fed. On Capitol Hill, Senate banking committee leader, Sharad Brown, has written to Chairman Powell. He is imploring him to take a break on rate hikes and see what the U.S. economy looks like as monetary
Play episode from 12:20
Transcript
