#inflation
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Goldman Sachs Envisions Gradual Fed Rate Cuts
Their economists anticipate a reduction in interest rates by late June next year, following a gradual quarterly decrease pattern.
“The cuts in our forecast are driven by the desire to normalize the funds rate from a restrictive level once inflation is closer to the target,” says Jan Hatzius, a senior economist at Goldman.
Goldman forecasts rate cuts in Q2 2024, expecting 25 basis point reductions per quarter with pace uncertainties.
“We expect the funds rate to eventually stabilize at 3-3.25%,” say their economists. Cryptocurrencies Trapped by High Interest Rates
Analytical company Nansen has issued a report examining the impact of inflation on both the traditional and cryptocurrency markets. Their experts forecast global growth following the conclusion of the era marked by interest rate hikes and the implementation of transparent regulation. 
Arthur Hayes predicts the alt season
The charismatic founder of BitMEX has revealed his vision for the market. Spoiler: he moves liquid fiat money from treasury bills to cash and intends to invest it all in high-risk assets (bitcoin and other crypto, of course).
Key takeaways from Arthur Hayes' post:
? S&P500 is up 40% in 3 months;
? Fed balance sheet will drop $100 billion every month;
? The market will get an extra $500 billion out of the Treasury General Account (TGA), which will accelerate inflation;
? When the money runs out (sometime in July), Congress will vote to increase the debt ceiling;
? The market will end up flooded with unbacked debt liabilities;
? The world's banks will be forced to resort to printing more money (this process has already begun).
"The party has begun!", Arthur concludes. 2022 results. Record inflation and energy crisis
The year 2022 was marked by a string of negative political and economic events. Even countries with strong economies have had to resort to extreme measures to deal with record inflation. The main economic outcomes of 2022 are summarized in this article. 
Today's Focus: The CPI Index Release
The US Consumer Price Index, which measures inflation, is set to be unveiled at 12:30 pm UTC.
Current index level: 3.0%
Forecast: 3.3%, marking a 0.3% CPI increase
Discover more about the CPI in our article.
Stay vigilant during potential market swings and approach trading wisely!
UPD: The rate of inflation in the United States has risen to 3.2%, a bit under the forecasted amount. People's wealth will be destroyed by inflation, says Arthur Hayes
Arthur Hayes, a well-known crypto entrepreneur and ex-founder of BitMEX, consistently voices his concerns about the issues currently troubling the industry. His prior forecast of a BTC price of $1 million no longer sounds as assertive as it once did. BlackRock CEO predicts: inflation & interest rates still rising
Current situation in the banking sector is described by Lawrence Fink as the "price of easy money." He believes that the collapse of Silicon Valley Bank could have led to a massive financial crisis, but the prompt response of regulators prevented serious consequences. 
The market downfall is over?
James Gorman, CEO of Morgan Stanley, said that the world economy has come out of its peak.
Positive changes were influenced by two factors:
- inflation in the USA has reached maximum levels
- relations between USA and China began to improve
Gorman believes that China and the United States have finally agreed: instead of redistributing the world's prosperity among themselves, they have moved to the desire to increase it so that everyone gets more.
Gorman also suggested that the Fed will not raise rates above 25 basis points next month.
The crypto market seems to agree. U.S. inflation has slowed down again!
The US Consumer Price Index (CPI), which measures the inflation rate, was released today. The index decreased by 0.6% over the month and now stands at 6.5%. We covered the CPI in detail in this article.
According to the release, the actual values correspond to the predicted figures. This means that inflation is sinking at the expected rate and investors are gradually returning to the market.
Bitcoin is up 3% today, hitting $18,000 for the first time since Dec. 14 
BTC and PAXG Chart Analysis for July 12, 2023
In light of the US inflation data set for release on July 12 at 8:30 AM ET (12:30 PM UTC), it's captivating to assess the state of market assets like gold, along with Bitcoin. Here's our breakdown of the market conditions for the cryptocurrencies Bitcoin (BTC) and PAXG (Pax Gold). Crypto Deposits: The Alternative to Traditional Banking
Fiat currencies are prone to constant devaluation and inflation. The interest rates on bank deposits are no longer sufficient to cover the rate of depreciation of such means of payment. Nonetheless, investing in crypto deposits is a popular tool that provides high returns. Coinbase to Launch Inflation-Proof Stablecoins
Coinbase has released a list of ideas for developers that it's eager to fund and implement within its advanced Base ecosystem fund. One of the most interesting ideas is the creation of "flatcoins," or more specifically, stablecoins pegged to inflation levels. 
