CoinDesk: PCE Rises 6.8%, Bitcoin Relief Rally, IMF Deputy Chief on 'Gloomy' Global Economic Outlook
The International Monetary Fund (IMF) suggests a global recession is likely. Joining "First Mover" to discuss its July report, including crypto's impact on the broader financial system, is IMF Deputy Chief Antonio Garcia Pascual. The Fed's favorite inflation gauge rose 6.8% from a year ago in June. Glen Goodman, eToro Crypto Consultant, discusses the latest economic data and provides his crypto markets analysis. Plus, SonicWall President Bill Conner has an update on cyber crime.
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