During the FOMC meeting last week, the federal reserve indicated that they would most likely cut interest rates 3 times this year. Even as soon as June of 2024.
This is unheard of, especially when the inflation rate is still very high at 3.2%. Coupled with 34 trillion dollars of debt.
This decision has broken most models of standard Keynesian economics. The US is admitting defeat. They can't control inflation, nor can they generate enough growth to even sustain their debt obligations.
They are now willing to let the dollar devalue itself to infinity at the cost of savers all over the world.
Money printer goes brrrr...
It's not even funny anymore at this point.
Thank fuck for BTC
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