The billionaire investor said that the Federal Reserve Chair should emphasize the central bank's stance against inflation at its meeting this week.
Two meetings ago, Powell said he was going to raise rates and then take a break. He had to backtrack, according to the CEO of the firm.
I thinkPowell is going to raise rates. I'm going to keep an eye on inflation and I'm going to raise rates until it starts to get out of hand. He is in a difficult situation. He is going to have to be very careful. The markets will not love it.
The Fed funds rate is expected to be raised by 75 basis points. He is shorting stocks in his account.
The report was bad. Railroad workers will get a pay raise if they approve a tentative deal that was reached last week.
US stocks sank last week after consumer price inflation in August was less than expected. The S&P 500 fell by 4.1% and the index dropped by 5.5%. The Fed began its two-day meeting. It was close to $19,100 on Tuesday and has lost more than half its value in the last two years.
Long-term investments are dependent on short-term economic data The Fed is not in control of the numbers. Powell probably wants to take a break. Fed policy doesn't come with a lot of time.
institutional investors continue to engage with digital assets, so there's a place for it. He noted that the stock market operator is starting a custody service for cryptocurrencies.
"Now would be a good time to be neutral on the subject of cripto
You would be waiting for the Fed to make a decision and then you're going to see a big rally incryptocurrencies.
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