Goldman Sachs Analyst Says Consumers Under Severe Pressure as Stagflation Intensifies
Submitted by Anonymous (not verified) on Sun, 05/12/2024 - 17:50


Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.
Bitcoin price action might be dicey, undergoing a major corrective phase.
Increasing concerns about sticky inflation hit risk assets across all markets including cryptos.
The cryptocurrency underperformed this week as an economic safe haven. But bitcoiners are taking a longer term view.

Major U.S. equity indices closed the day lower as faster CPI reading for March, will BTC was up 1%.
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