Analysts say an onslaught of Fed rate hikes could very well “blow up the Treasury”

2022/10/24 00:36

According to News.bitcoin, the U.S. economy has been struggling with inflation running rampant and investors are eagerly waiting for the U.S. Federal Reserve to announce the next federal funds rate hike next month. Harris Kupperman, the founder of the hedge fund Praetorian Capital, believes the onslaught of Fed rate hikes could very well “blow up the Treasury.” Kupperman claims an “avalanche is in motion” as he believes the Fed is currently trapped and despite talking tough, he believes the Fed will need to pivot on raising the FFR. Furthermore, amid the gloomy macro trends, the chief marketing officer at Fluid Finance, Jessica Walker, says the failing economy and floundering fiat currencies reveal the true benefits of cryptocurrencies.

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