📊 Data: US inflation is no longer just a gasoline price story!
Minneapolis Fed Chair Kashkari has just issued an important warning about the state of the US economy. Inflation has spread across many areas, especially the services sector, making the pressure to curb prices even more intense.
*Key information:*
🔹 Current interest rate: 3.75% — 4% (just increased by 25 basis points)
🔹 Inflation target: 2%
🔹 Labor market status: Still remains resilient
*Why does it matter?*
💡 When inflation spreads into the services segment, it shows that price pressures have become deeply embedded in the economy, no longer just a temporary fluctuation.
💡 The Fed may not be in a rush to cut rates and could even be willing to tighten further if prices do not stabilize.
💡 This creates a cautious sentiment for risk assets such as cryptocurrencies in the short term.
👉 Where’s the Alpha? Here — Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#CryptoMarket #Trading #Crypto $TRX
Minneapolis Fed Chair Kashkari has just issued an important warning about the state of the US economy. Inflation has spread across many areas, especially the services sector, making the pressure to curb prices even more intense.
*Key information:*
🔹 Current interest rate: 3.75% — 4% (just increased by 25 basis points)
🔹 Inflation target: 2%
🔹 Labor market status: Still remains resilient
*Why does it matter?*
💡 When inflation spreads into the services segment, it shows that price pressures have become deeply embedded in the economy, no longer just a temporary fluctuation.
💡 The Fed may not be in a rush to cut rates and could even be willing to tighten further if prices do not stabilize.
💡 This creates a cautious sentiment for risk assets such as cryptocurrencies in the short term.
👉 Where’s the Alpha? Here — Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#CryptoMarket #Trading #Crypto $TRX