news

bitcoin

1 X bitcoin bitcoin =

Tuesday

22 June 2021

Deutsche Bank Warns: Ignoring Rising US Inflation Akin to 'Sitting on a Time Bomb' – Economics Bitcoin News

Deutsche Bank Warns: Ignoring Rising US Inflation Akin to 'Sitting on a Time Bomb' – Economics Bitcoin News


smart summary beta

Deutsche Bank published a report Monday noting that the United States is facing “the very real specter of consumer-driven inflation.” The bank’s chief economist David Folkerts-Landau and others notably highlight the Federal Reserve’s monetary easing policy and recent tolerance toward higher inflation.

On June 7, Germany’s lending giant Deutsche Bank published a report with a dire warning to the U.S.

The analysts believe rising inflation could be a ticking “time bomb” and the U.S.

The Deutsche team says the Fed may be patient for a year and continue to be tolerant of higher inflation rates.

“The effects could be devastating, particularly for the most vulnerable in society.” Furthermore, the Deutsche team says that inflation could be transitory but eventually it could boil over into something far worse.

What do you think about the Deutsche Bank report warning the U.S.

Goto Full Article

bitcoin bitcoin price

$32705.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.3)

Article Metadata

author

site

bitcoin.com

categories

Market data feeds provided by cryptocompare.com
bitsmart 2021