What happens when Bitcoin meets a major economic recession for the first time?
in his Congressional testimony that their rate hikes would continue to bring down inflation, albeit adding that"the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy."that agreed that the Fed would raise benchmark rates by another 75 bps in July and will follow it up with a 0.5% increase in September.
Notably, about 38% expect the recession to begin in the first half of 2023, while 30% anticipate the same to happen during the Q3-Q4 session. Moreover, a separateThe next recession in the U.S. will begin in 2023. Source: Financial Times
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