submitted by /u/Crypto_Mining_ [link] [comments] |
source https://www.reddit.com/r/btc/comments/11ztwua/is_bitcoin_haram_or_halal/
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Pre SVB (2 weeks ago) FED indicated that 50bps was on the table.
But now with the realization that QT is starting to break things, within a matter of days a pause was on the table.
A 25bps increase, while removing language of ongoing rate hikes and trying to sell the idea that bank failures is actually a good thing in fighting inflation was merely to save some credibility on the inflation fight, and it's comical.
The back stopping of banks is QE and will add to inflation pressures while now also with lower rate hikes.
Soon financial stability will be the feds perceived greatest danger and will be forced to abandon the 2% inflation target, why likely adding additional facilities of QE.
UK inflation is back over 10% after a broad consensus that inflation had peaked there. US won't be far behind on setting new inflation highs.
Nothing to see here.