The Fed has failed it's dual mandate. The US may be already in a recession. Unemployment is at 4.3%

Back in 2020, the pandemic caused the fed to cut rates to zero and undergo quantitative easing to stimulate the economy which lead to 40% of dollars to be printed.

With the rampant inflation, they were forced to hike fed funds rates at a record rate in 2022 to 5.5%. And we've stayed at that rate for two years and things are breaking apart.

Inflation is still at 3%, yet unemployment is at 4.3%. This is utter failure of the dual mandate and the US is headed towards recession.

SAHM rule has been triggered, which has a 100% probability of predicting a recession.

Stocks are crashing as we speak and it has wiped 3 trillion of value from the market.

BTC is holding well and today really shows how important monetary policy needs to be independent from a centralised authority.

I'm just glad BTC exists.