It’s been just revealed that we should be bracing for turbulence in the crypto space and not only. Check out the latest reports about this below.

New crypto warning is out

Jim Cramer from CNBC warns that the rising prices of crude oil may lead to an increase in inflationary pressure in the US economy.

During a recent episode of Mad Money, Cramer suggested that Federal Reserve Chair Jerome Powell may decide to raise interest rates again this week, which could potentially affect risky assets.

While the Fed is expected to announce a pause in raising the Fed Funds rate at 5.50% this Thursday, Cramer believes that another hike is likely. This is mainly due to the increase in the price of oil, which has risen from $69 to over $90 since June.

“Powell is much more worried about stopping inflation than he is about preserving earnings or jobs or corporate balance sheets, or consumer spending for that matter. He has to swim against the tide and talk about whether inflation is still trending lower – an argument that gets harder to make as oil gets higher and higher right?” the notes revealed via the online publication the Daily Hodl.

The same notes stated the following:

“The price of crude has snuck up to $90 – and by the way, it seems headed to $100 – where the sky-high cost of fuel might get embedded into the whole system. I don’t know if that’s enough to change the Fed’s actions, but it’s clearly enough to change Jay Powell’s words. It gives him more reason to stay hawkish in his statement and the following Q&A session.”

As per a TV personality, the market could experience instability if the Fed unexpectedly raises rates during its upcoming meeting. It’s advisable to brace for potential turbulence and prepare accordingly.

Stay tuned for more relevant reports about the matter.

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