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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