From Benzinga: 2024-05-05 08:00:13

Crypto whales are back in the game, with new research suggesting a potential surge in Bitcoin value to over $100,000 in 2024. Investors are urged not to miss out on this opportunity following recent market trends. The Federal Reserve’s stance on inflation and interest rates has been a major focus, with Bank of America warning of high interest rates persisting due to recent inflation surprises. Wall Street is anticipating a hawkish shift on inflation, while Fed Chair Jerome Powell reassures the market that an interest rate hike is unlikely. However, April job market performance fell short of expectations, potentially paving the way for interest rate reductions later in the year. Renowned economist Peter Schiff criticized Powell’s dismissal of stagflation concerns, highlighting potential blind spots in Fed policy.



Read more at Benzinga: Fed’s Stance On Inflation, Job Market Performance, And Peter Schiff Slamming Jerome Powell: Top Economic Updates This Week