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Video: Are We Heading for a Recession…and What Would it Mean for Crypto?

Jeff Opdyke · May 5, 2022 ·

Yesterday, the Federal Reserve raised interest rates by 0.5 percentage points.

Stocks rallied after this news, largely because Fed officials said they aren’t considering an even larger increase of three-fourths of a percentage point in the next quarter.

Still, two big questions remain: If the Fed is not willing to be more aggressive, how will it tame inflation that’s running at 8.5% or more?

And if it can’t tame inflation, does that mean we are heading for a recession?

On my final day in Tulum, Mexico, I sat down with Field Notes Managing Editor Ciaran Madden to answer these questions.

We discussed whether a recession is in the offing, what that would mean for stocks and crypto, and how our trip to Tulum ties into all of this.

Check out the video of our conversation below…

P.S. One of the best moves you can make in a tough, recessionary economy is to reduce your outlays. The best way I know to achieve this is to move overseas.

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This comprehensive resource includes the latest version of Escape to Italy: Everything You Need to Know to Retire Better, Invest Well, and Enjoy the Good Life For Less. This hefty, 344-page manual comprises maps and primers on everything from renting and buying property to visa requirements and healthcare options.

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Field Notes Premium Edition

About Jeff Opdyke

Jeff D. Opdyke is a financial reporter who has covered investing and personal finance for The Wall Street Journal for the past twelve years. He is the author of Love and Money: A Life Guide to Financial Success and now the lead journalist for the Global Intelligence Letter.

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