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Consensus 2025
20:15:42:57

Inflation


Policy

America, Let’s Try Optimism This Thanksgiving

Inflation is certainly a cause for anxiety, but it could be seen as a price worth paying for keeping the economy going during unprecedented calamity.

(Tim Mossholder/Unsplash)

Markets

Goldman Says Fed May Accelerate Tapering in January: Report

The new projection means the asset purchase program would end in March.

Federal Reserve building (Paul Brady Photography/Shutterstock)

Markets

Bitcoin Slips to $55K as Renewed COVID Concerns Jolt Traditional Markets

The cryptocurrency appeared set for a breakout above $60,000 after Thursday’s rise, but COVID fears played spoilsport.

Bitcoin drops below $58,000 on Nov. 26 amid growing covid fears (CoinDesk, highcharts.com)

Markets

Axie Infinity Finds Ready Players in Hyperinflation-Racked Venezuela

As they have in the Philippines, some players are making enough money to feed their families.

Bolívar Avenue in Maturín, the city in Venezuela where Axie player Juan Tirado lives. (Cesar Pérez via Wikipedia)

Markets

Biden to Renominate Powell as Fed Chair and Appoint Brainard as Vice Chair

The president cites Powell’s stewardship of the economy during the pandemic.

Fed Chair Jerome Powell speaks Wednesday at a virtual press conference. (Federal Reserve, modified by CoinDesk)

Markets

Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook

The longtime ruler’s unhinged monetary policy follows a familiar pattern – and it’s pushing some Turks toward bitcoin.

Turkish President Recep Tayyip Erdogan, who has held power for nearly twenty years. Erdogan has cut interest rates despite high inflation, in a short-term bid to prop up Turkey's economy (Antonio Masiello, Getty Images)

Policy

Biden and the Fed: Why Powell or Brainard Won’t Change Much for Crypto

Both candidates are seen as taking a tough stance on crypto regulation, but they’re also both seen as dovish – possibly beneficial for bitcoin’s inflation narrative.

Federal Reserve Chair Lael Brainard (C-Span, modified by CoinDesk)

Markets

Bitcoin Still a Risk Asset Despite Last Week’s Inflation-Led Rally, TradFi Experts Say

An elevated inflationary environment is completely new territory for bitcoin and its reaction function, one analyst said.

Bitcoin has been leading tops and bottoms in AUD/JPY, an FX market's risk barometer, by about four weeks. (TradingView)