Despite all the hawkish spin from last week, the Fed will still likely move in 2023 and that means the US economy could still see another 18 months of support.
Bullard is one of the most hawkish Fed speakers and Kaplan was one of the handful of members that was willing to kick start the taper discussion.
The Chicago Fed National Activity Index improved to 0.29 in May, a miss of the 0.70 consensus estimate, but much better than April’s -0.09 reading.
The cryptocurrency mining community is rushing to get out of coal-fired power plants but losing clean energy sources is extra bitter.
If you have a buy-and-hold mentality for crypto, you might prefer directly buying bitcoin than buying shares of MicroStrategy, which appears poised to consistently be buying bitcoin going forward.
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