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The Fed Taper, CPI And Bitcoin

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In this episode of Bitcoin Magazine’s “Fed Watch” podcast, we, your hosts Christian Keroles and Ansel Lindner, caught listeners up on the global macroeconomic situation, discussed some financial current events and the Fed taper and, of course, dove into the current state of Bitcoin.

The first topic is a trip around the world starting in China. The CCP surprised the market recently with a reserve requirement ratio (RRR) cut. From Reuters, “Late on Friday, the People’s Bank of China (PBOC) said it will cut the amount of cash that banks must hold as reserves, releasing around 1 trillion yuan ($154.19 billion) in long-term liquidity to underpin a post-COVID economic recovery that is starting to lose momentum.”

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