Mike Novogratz warns of a credit crunch, noting that 'we are heading into a recession' and the Fed will cut rates sooner than we think. inflation ratecut
Mike Novogratz Warns of Credit Crunch in US and Globally — Expects Fed to Cut Rates 'Sooner Than We Think'
Galaxy Digital CEO Mike Novogratz has warned of a credit crunch in the U.S. and globally. Emphasizing that “we are heading into a recession,” he expects the Federal Reserve to cut interest rates “sooner than we think.”Galaxy Digital CEO Mike Novogratz shared his outlook for the U.S. economy in an interview with CNBC Wednesday.
Novogratz stressed that Federal Reserve Chairman Jerome Powell “should pause and will be cutting rates sooner than we think.” He added: “That’s a huge shift in psychology. It’s got bitcoin (
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