Is Crypto the Solution? -Breaking
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The US’s tightening of their monetary policies causes recession fear: Can crypto help?- As the Federal Reserve raises its monetary policy, there are growing concerns that we will soon experience a global recession.
- In March, the U.S. Federal Reserve raised its overnight benchmark lending rate.
- Fed Chair Jerome Powell signaled following the Federal Open Market Committee meeting (FOMC) on the 4th May, that the Fed expects similar increases through the year.
The Federal Reserve is tightening monetary policy to reduce inflation and there seems to be growing concern that the world will fall into a recession. In the first quarter 2022, the U.S. economy contracted by 1.4% annually. A record trade deficit is thought to be one reason for the decline.
AdLunam, crypto enthusiast, responded to these events with a tweet posting claiming that crypto is the answer.
Recent recession fears are growing as the Federal Reserve increases monetary policy in an effort to cool #inflation. The US economy suffered a sharp decline of…
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