Fed pivot? Not so fast.
Philly Fed's Paulson just signaled more rate hikes coming - inflation still "stubbornly elevated."
NY Fed's Williams: "We still have a lot of work to do."
Fed Governor Barr echoing the same hawkish tone.
Rates already at 3.75-4% after last month's first hike since 2023. If they keep pushing, risk assets ($BTC, $ETH, alts) are gonna feel it.
Liquidity dries up = pain for leverage. Watch DXY and bond yields closely. This isn't the soft landing narrative bulls were pricing in.
Philly Fed's Paulson just signaled more rate hikes coming - inflation still "stubbornly elevated."
NY Fed's Williams: "We still have a lot of work to do."
Fed Governor Barr echoing the same hawkish tone.
Rates already at 3.75-4% after last month's first hike since 2023. If they keep pushing, risk assets ($BTC, $ETH, alts) are gonna feel it.
Liquidity dries up = pain for leverage. Watch DXY and bond yields closely. This isn't the soft landing narrative bulls were pricing in.