The economy is not looking great.
Soft landing or hard landing is what mainstream media was talking about.
How about not landing or landing a crash?
The Fed will fight inflation to bring it down, that is its job.
But the Wall Street wants to go against the Fed agenda and tries to bring inflation back.
Until the Fed announced firmly that their fight of inflation is not over yet, the dream is crashing and recession is coming.
Of course, we all feel a bit about the recession already and the price has inflated since.
It will get harder and harder for the Fed to avoid recession and the interest rate will continue rising until the inflation rate or economy is down.
Will the crypto survive?
I think so but it will not be pretty.