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Historical past tells us we’re in for a powerful bull market with a tough touchdown By Cointelegraph

Whereas the USA Federal Reserve determined to carry rates of interest at its November assembly, they continue to be at their highest degree since properly earlier than the worldwide monetary disaster (GFC) of 2008-09. The Federal Funds charge stands at 5.25-5.5%, just like the UK’s 5.25%, whereas within the European Union it’s at a file excessive of 4%.

That is being pushed by excessive inflation, which stays sticky all through the developed Western world. It’s so sticky that some, together with Citadel’s Ken Griffin, are predicting it should cling round for a decade or extra. As such, central banks at the moment are musing on larger charges that will last more.

Distinction between inflation charge and wage progress in the USA from January 2020 to September 2023. Supply: Statista

Lucas Kiely is the chief funding officer for Yield App, the place he oversees funding portfolio allocations and leads the enlargement of a diversified funding product vary. He was beforehand the chief funding officer at Diginex Asset Administration, and a senior dealer and managing director at Credit score Suisse in Hong Kong, the place he managed QIS and Structured Derivatives buying and selling. He was additionally the top of unique derivatives at UBS in Australia.

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