147. Bond Markets with Nik Bhatia
The Bitcoin Standard Podcast
00:00
Fed Funding - What's Going on in China?
Powell is going to raise rates by 50 basis points on December 14th. So he will have basically gotten 4.4% of cumulative tightening. We can't discount that the feds move because the Fed is an arm of the US government as well as an arm of Wall Street at the same time. There's a theory out there that the Fed was trying to affect the euro-dollar funding market and try to bring money back from the offshore system, which would attract higher interest rates in the US economy.
Transcript
Play full episode
