Inflation & Fed Effects on Crypto & Stock Market w/ Andrew Horowitz | The Disciplined InvestorJun 15, 2022
U.S. Treasury yields pulled back slightly on Wednesday morning ahead of the Federal Reserve’s key monetary policy announcement. Traders initially anticipated a 50-basis-point interest rate hike, but in light of the red hot inflation print, the market is now pricing a more than 95% chance of a 75-basis-point increase, the biggest since 1994. Down for the eighth consecutive day, bitcoin regained little strength after falling to a 30-month low of $20,834.50 on Monday night but was still down over 5% over the past 24 hours. What will this mean for crypto? and how much pain are we in store for?
Guest: Andrew Horowitz is the President and Founder of Horowitz & Company, a Registered Investment Advisor. He is also the host of The Disciplined Investor Podcast.
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