Inflationary Bear Market Spells Trouble – Bitcoin Magazine

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Prices on the way up

Yesterday’s initial release of jobless claims data came in below expectations, signaling a stronger labor market that is another “good news is bad news”.

We can see some of these developments playing out via the Eurodollar Futures curve where the market’s expected federal funds rate is steeper (more rate hikes), now expected to be above 4% in the second half of 2023. That is in line with the Federal Reserve’s own projections as they have told the market:

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