Legendary investor Paul Tudor Jones predicts that the Federal Reserve will not raise interest rates any further this year, putting markets higher by the end of this year.
In a new interview with CNBC, Jones says that declining Consumer Price Index (CPI) data – which measures the changes in the prices of goods and services – and a looming recession will cause the Fed to keep interest rates at their current level.
The Federal Reserve has raised interest rates 10 times since March 2022 in an effort to draw down inflation, putting pressure on risk assets like Bitcoin (BTC).
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“I think they are done [hiking]. Definitely, I think they’re done. They could probably declare victory now because if you look at CPI it’s been declining 12
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