Market Cap: $3,052,473,135,211
24h Vol: $86,926,750,486
Cryptocurrencies: 28005
Markets: 116055
Cryptocurrencies: 28005
Markets: 116055
Market Cap: $3,052,473,135,211     
24h Vol: $86,926,750,486
Coin-turk.com 2023-09-08 13:05:04

Chicago Federal Reserve Bank’s Research Suggests Crypto Assets Are Approaching a Viable Limit

Chicago Federal Reserve Bank’s Research Suggests Crypto Assets Are Approaching a Viable Limit
A new study by economists at the Chicago Federal Reserve Bank suggests that the US central bank has raised interest rates enough to bring inflation to its 2% target without causing a recession, indicating that risky assets, including cryptocurrencies, are moving towards a “goldilocks” or sustainable border. No Need for Further Rate Hikes According to the VAR Model In the September issue of the Chicago Fed Letter, Stefania D’Amico and Thomas King stated that vector autoregression (VAR) models show that the 500 basis point interest rate increase implemented since March 2022 has had a significant impact on output and may not require further rate hikes to control prices.The post Chicago Federal Reserve Bank’s Research Suggests Crypto Assets Are Approaching a Viable Limit appeared first on COINTURK NEWS.
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