Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
Fed forecasts ‘mild recession’ in 2023
Might 'mild recession' turn into a harsh recession, as 'transitory inflation' turned into persistent inflation?
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- The FOMC minutes were released Thursday, showing a split among members over further rate hikes.
- However, it was clear that rate cuts will not be happening in the near future.
- In the staff economic outlook, it was stated a “mild recession” could occur later this year.
- Two years ago, the term “transitory inflation” was floated – later turning into persistent inflation. Concerns are that a “mild recession” may turn into a harsh recession.
- President of the Minneapolis Fed, Neel Kashkari, suggests a 6% fed funds rate is possible – heightening uncertainty around the crypto outlook.
