Scaramucci Sees Risk-Asset, Crypto Resurgence on Fed Pause
- Predicts Fed ‘declares victory’ at 4% to 5% inflation
- Pessimism about crypto expressed at Davos ‘enormously bullish’
Anthony Scaramucci
Photographer: Bryan van der Beek/BloombergThis article is for subscribers only.
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.”