Bitcoin News
By Dan Saada
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GDP Data Shows Trouble. Recent numbers show GDP growth crashed to just 0.8% in the fourth quarter. That's down from 2.
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Markets React to Fed Stubbornness. Financial markets show serious volatility as investors worry about sustained high rates.
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Fed officials keep rates high. QI Research CEO Danielle DiMartino Booth says the U.S. economy's heading toward recession and calls the central bank's decision a potentially…
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DiMartino Booth warns the Federal Reserve's stubborn rate strategy will make economic troubles worse.
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The former Fed advisor argues current policy could wreck the economy. DiMartino Booth worked inside the central bank and knows how decisions get made.
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Recent numbers show GDP growth crashed to just 0.8% in the fourth quarter. That's down from 2.1% the previous quarter, according to Bureau of Economic Analysis data.
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But Fed officials keep pushing their rate strategy anyway.
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Some experts think high rates are still needed for inflation control. Others, like DiMartino Booth, warn this approach will cause economic contraction that'll hurt millions of…
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Financial markets show serious volatility as investors worry about sustained high rates. The S&P 500 keeps swinging wildly based on any Fed comments or economic data releases.
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Consumer confidence crashed to 58.7 in March from 62.3 in February, per University of Michigan data. People are scared about losing jobs and can't afford big purchases anymore.
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Companies are starting to announce layoffs. Tech firms cut thousands of jobs last month, and manufacturing plants are reducing shifts.
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The next Federal Open Market Committee meeting happens April 26. Investors and economists want to see if recent bad economic data will finally make Powell's team change course.
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DiMartino Booth keeps pushing for immediate action. She thinks waiting longer will make the eventual economic crash much more severe.
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Upcoming GDP numbers will probably influence the Fed's thinking. Without rate adjustments soon, the U.S. economy faces much bigger problems ahead.
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