5min chapter

Bankless cover image

Did Macro Kill Crypto? with MacroAlf

Bankless

CHAPTER

When the Fed Will Pivot?

The Fed is only going to pivot at the last available moment and not a moment sooner than that. They need the labor market to slow down, risk assets to be really contained in order for these logged effects of tighter monetary withdrawal wall to fit through economy. Only when enough damage is done, they can credibly pivot back. We don't live in the 1980s anymore; this is the 2020s with real productivity declining across modern world.

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