$BNB just smashed its ATH, hitting $880! ๐ Driven by a massive $283M institutional buy from BNC that pulled supply off exchanges. Ecosystem is booming with record transactions and TVL. Next target: $905. The run to $1K looks imminent.
๐๏ธ BREAKING: Fed Hammock Says NO September Cut
Hope for a September rate cut? Gone. ๐ฅ Fed Chair Hammock just shut it down.
The Quick Take:
โฌ๏ธ Inflation is still Enemy #1. It's too high and might be speeding up again. ๐ Tariff Impact? Just starting. Full effect won't hit until 2026. ๐คฏ ๐No Economic Warning Signs: No major downturn in sight = no reason to cut. ๐ผLabor Market is Key: Unemployment rate remains the Fed's go-to health gauge.
Bottom Line: The Fed is choosing its inflation fight over market hopes and political pressure. #PowelResign calls are trending, but for now, rates are staying HIGHER FOR LONGER. ๐บ๐ธ