The Fed closed its board meeting 5 minutes ago…what will the result of the rate hikes be? Will they pivot?
I don’t think so, I really can’t see any pivot this year in 2022. I believe they will continue to raise interest rates. The damage the fed did during Covid-19 was heinous. I am expecting another 75-basis point hike
October was a great month for the market, but I doubt the rally will continue.
The expectation by Investment banks and some speculators is that we could see a pump after the Fed meeting, but I have yet to find a logical reason as to why.
There really hasn’t been much to talk or post about recently. Bitcoin is still trading in its little channel continuing to trade sideways, although holding above 20k, which is great.
Cardano had a nice little 13% pump within a few hours in October, and I capitalized on that obviously, although we didn’t dip back down as far as I would like, the gains have pretty much held. I’d like to see a little dip so I can buy back in again with an ammo crate.
Anyway, not long now, we’ll have a decision in a few hours. Hold on tight!
#leofinance #bitcoin #crypto #inflation #fed #money #investing #investment #hive
