I expect Chairman Jerome Powell to hike another 50 basis points at the next Federal Reserve meeting, says Alfonso Peccatiello, author of TheMacroCompass.substack.com. "The Fed wants to keep inflation expectations under control," and that's why there has been a gradual ramp-up of aggressiveness from Chairman Powell in order to tame inflation, he tells our Daniela Cambone. Due to the global market undergoing, "a large deleveraging over the last year and a half," China presents long-term opportunities for investors, Peccatiello continues. "There is a long-term mismatch that benefits commodities," including copper, aluminum, and nickel, in order to make the ESG transition, he asserts. "Bitcoin, like gold, is holding up very well," and has been very resilient under a multitude of downward pressures in this current environment, Peccatiello concludes.
