Arguably the most important takeaway from yesterday’s FOMC meeting was that the U.S. Federal Reserve (Fed) is no longer forecasting a recession, which led to a cautious rally in Bitcoin and crypto markets today. Fed Chairman Jerome Powell’s statement during the FOMC press conference seems to have eased investor concerns, leading to a swift recovery in both tradfi and crypto. However, historical data suggests that caution may be warranted as the potential for recession remains a looming concern (although Powell said otherwise).
Signals For A Recession Remain Strong
Prominent financial experts have raised their voices about the current economic situation. Steven Anastasiou, a noted economist, warns about the significance of the recent decline in the annual average M2 growth, which stands at -2.7% YoY. He draws parallels with some of the most challenging economic periods in history, stating, “With M2 falling, history suggests that continuing with aggressive tightening is a dangerous
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