► If you enjoyed the episode, please leave us a good review!

► More from PIF: https://linktr.ee/practicalislamicfinance

Not What We Needed For Crypto

In this episode, we will cover:

•  Inflation cooling to 0% month-over-month in May 2024 and its impact on future Fed decisions.
•  The Fed's hawkish stance despite falling inflation rates and the data suggesting an eventual dovish turn.
• High consumer sentiment, increasing layoffs, and their effects on the economy.
•  Growing U.S. debt and budget deficit implications for future government spending and taxes.
•  Significant outflows from digital assets, especially Bitcoin ETFs, in response to Fed comments.
• Elon Musk's recent Tesla pay package win and the future outlook for Tesla, including the RoboTaxi unveil event.
•  Investing in assets that hold value and Tesla's future innovations boosts its market cap.
•  The connection between inflation and mass layoffs, and the outlook for AI-focused companies like Iris Energy.
•  The importance of committing to long-term investment strategies and offering annual subscriptions instead of monthly ones.

CONTACT US

salam@practicalislamicfinance.com

ABOUT OUR PODCAST

Our podcast is about helping people ethically build wealth. We cover a broad range of topics including stock and crypto investing, product reviews, and general financial well-being.

DISCLAIMER

Anything you hear in this video is an opinion. It is not personalized financial advice. Make sure you do your due diligence before making any investment decisions.