CandleFocus

Legendary Trader Peter Brandt Bashes Fed and Its Recent Policy Pivot

Renowned commodities trader Peter Brandt criticized the U.S. Federal Reserve and its chairman, Jerome Powell, for their handling of inflation and interest rates. The Kobeissi Letter, a market commentary entity, highlighted a disconnect between the Fed's recent actions and market reactions. Interest rates on 10-year Treasuries have risen despite the Fed cutting rates, leading to concerns over inflation. The thread also noted the impact on the housing market, with the cost of buying a median-priced home increasing. The announcement of the Fed's intention to tighten monetary policy next year caused a price drop in Bitcoin and gold.

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