Monday, May 6, 2024
Monday, May 6, 2024
HomeNewsOther NewsSkyBridge’s Scaramucci Sees Risk-Asset, Crypto Resurgence on Fed Pause

SkyBridge’s Scaramucci Sees Risk-Asset, Crypto Resurgence on Fed Pause

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Investor Anthony Scaramucci said he expects the Federal Reserve will pause its campaign to raise interest rates before inflation reaches its 2% goal, leading to a rally in risk assets.  

“I do believe that the Fed declares victory at 4% to 5% inflation,” Scaramucci, founder of SkyBridge Capital, said in an interview. “If I’m right, there will be a resurgence in the market. There’ll be a lot of short covering in crypto and there’ll be a rebirth of risk assets.”

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