Investors should anticipate markets to “break” as long as the Federal Reserve keeps raising interest rates, according to Clem Chambers, CEO of Online Blockchain. He declared, “Something has to break if [the Fed] really does want to drive out inflation.” “There will be an almighty crash if they really mean it.”
Stocks and cryptocurrencies, which have seen significant declines in value in 2022, are allegedly in the midst of an “oncoming storm” before a major crash, according to Chambers.
Everyone recalls the significant decline in 2008. However, a bear market existed in 2007, which he described as an impending storm. “I believe the current situation could be the beginning of a storm,” David Lin, an anchor and producer for Kitco News, told Chambers.
Elon Musk previously said that the next rate increase by the US Federal Reserve will make the recession worse.
Fed has raised interest rates by 375 basis points in 2022
Since the beginning of 2022, the Fed has raised
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