Steven Lubka, managing director of Swan Bitcoin’s private client department, said he expects inflation to continue to soften in the first half of 2023, which should give the Fed room to throttle back on its monetary-tightening policy. He cautioned, however, that consumer prices in the second half of the year might not be so benign and that the central bank may have to deal with a softening or even recessionary economy alongside rising inflation.


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