Market Wrap: BTC Settles at $20K as Voyager Files for Bankruptcy
— Markets could, Potentially steep economic contraction, Increase, Wrap, Federal reserve, Bankruptcy, Cpi continues, Prices, Release — 1 min read
The release of the June consumer price index next week may show whether the recent hawkish monetary policies of the U.S. Federal Reserve have been effective. If prices decline and other economic indicators also continue their recent descent, investors may feel more confident that the Fed is solving the dual problems of inflation and potentially steep economic contraction. If the CPI continues to increase, markets could be discouraged. If prices continue to decline, markets may be discouraged, says Andrew Keen. Keen: If the inflation rate continues to rise, markets will be discouraged by the Fed's hawkish policies. If the price index declines, markets should be encouraged to keep buying stocks, he says. Keen says. We need to find a way to see if inflation is a problem. Source