Dark clouds brought by FOMC

[Me Giant Step] Dark clouds brought by FOMC… “Powell remarks, central bank speaks for recession”

(Seoul = Yonhap Infomax) Reporter Jeong-won Yoon = Federal Reserve Chairman Jerome Powell maintained a hawkish stance at the Federal Open Market Committee (FOMC) meeting in September, experts said, saying the central bank was like representing the recession. Diagnosed.

According to Business Insider on the 21st (local time), the Federal Reserve raised the key interest rate by 75 basis points as expected today, and suggested that it would continue to raise rates more than usual after 2023.

It also predicted that the U.S. gross domestic product (GDP) growth for this year would be 0.2%.

This is lower than the 1.7% forecast in June.

The U.S. unemployment rate forecast for this year and next year was also raised to 3.8% and 4.4%, respectively, from June.

“Powell’s comments should be interpreted as saying the central bank is representing a recession,” said Shima Shah, chief global strategist at Principal Global Investors.

He said the central bank’s recent outlook shows that the economy will slow down in years to come.

High interest rates will affect worker demand, resulting in massive layoffs and fewer wage increases, low economic growth will erode business growth prospects and stock prices, and auto loans, credit card debt and mortgages will soar. explained going.

“If you look at the new rate forecasts from the Fed, the Fed is planning a hard landing,” he said.

“It will be more difficult from now on,” he added.


Mixed Bitcoin outlook… Sailor ‘$500,000’ vs Dimon’s ‘Ponzi Scam’

(New York = Yonhap Infomax) Correspondent Bae Bae-yeon = ‘The views of participants in the global financial market on virtual currencies such as Bitcoin are extremely divergent. Michael Sailor, former CEO of MicroStrategy (NAS:MSTR), a big deal in Bitcoin, predicts that Bitcoin will hit $500,000 in the next 10 years. On the other hand, Jamie Dimon, CEO of JPMorgan, who is treated as a guru on Wall Street, has accused Bitcoin of being Ponzi schemes.

According to Market Watch, an investment media on the 22nd, Michael Sailor, former CEO of MicroStrategy (NAS:MSTR), claimed that Bitcoin could reach $500,000 in the next 10 years. Bitcoin could eventually replace gold as a store of value.

Michael Sailor, former CEO of MicroStrategy (NAS:MSTR), a leading cryptocurrency advocate asserted like this.

He emphasized that Bitcoin, the #1 virtual asset by market capitalization, often treated as “digital gold,” could reach $500,000 in the next decade.

He said that he is paying attention to the simple moving average of $20,000 for four years because it is at a level that can confirm the bottom of the cryptocurrency market.

He claimed that the level was stable.

He stressed that Bitcoin’s next logical journey is to replace gold as a cross-border store of value.

Michael Schiller co-founded MicroStrategy (NAS:MSTR) in 1989. MicroStrategy (NAS:MSTR) made a large investment in Bitcoin in 2020 and became a big player in the cryptocurrency market. emerged as

Michael Sailor resigned in August after leading the American software company MicroStrategy, which was more famous for investing in Bitcoin than his main job. It is responsible for the sharp deterioration of the company’s performance due to investments in Bitcoin, etc. MicroStrategy suffered a loss of $1 billion in the second quarter alone.

The financial market’s evaluation of virtual currency is extremely mixed.

Jamie Dimon, JPMorgan’s leading CEO and Wall Street guru, has denounced the idea that cryptocurrencies are “decentralized Ponzi schemes and good for everyone.”

He reiterated his view that Bitcoin is “worthless”.

Meanwhile, the price of Bitcoin has risen 2% over the past 24 hours, trading at $19,200.

Related items: MicroStrategy (NAS:MSTR), BTCUSD (COB:BTCUSD), JPMorgan Chase (NYS:JPM)
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출처 : 연합인포맥스(http://news.einfomax.co.kr)

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