Legendary trader Peter Brandt criticizes Fed's handling of inflation and interest rates, calling it a disconnect.

From Investing.com

December 27, 2024 01:00 PM:

Renowned commodities trader Peter Brandt criticizes the Federal Reserve’s handling of inflation and interest rates, calling it the “biggest market to Fed disconnect in history.”

The Kobeissi Letter highlights the disconnect between the Fed’s recent policy actions and market reactions, with treasury yields at their highest levels since May despite aggressive rate cuts.

Bitcoin’s price dropped below $100,000 after Fed chair Powell hinted at tightening monetary policy, signaling potential higher interest rates and less liquidity for risk-on assets like Bitcoin and gold.

Read more at Investing.com: Legendary Trader Peter Brandt Bashes Fed and Its Recent Policy Pivot By U.Today