$BTC Warsh Tonight this knife is clearly more hawkish!
Inflation is improving, but the stickiness hasn’t gone away.
The 2% target is nowhere near giving an inch!
Economic data also hasn’t provided a reason to cut rates.
The market wants easing, but it probably has to keep waiting and enduring!
At Jackson Hole, Warsh clearly emphasized that if inflation can’t keep sliding persistently back toward the 2% target, the Fed will still have “work to do.” He didn’t lay out a specific schedule for rate hikes, but he remains cautious about whether current financial conditions are tight enough—this kind of stance is hawkish even relative to what the market expects neutrality to look like.
Meanwhile, U.S. consumption, employment, and investment remain resilient, and the economy has not yet shown any obvious cracks from high interest rates. For the market, this means the bar for a rate cut remains very high; and even later on, as long as inflation continues to stay sticky, further tightening won’t be fully off the table.
The dovish signals that bulls most wanted to hear tonight basically didn’t arrive.
If yields keep pushing higher, the BTC that just broke above 81K will soon face a real stress test!
Click the card below and get started!👇$ETH $SOL
Inflation is improving, but the stickiness hasn’t gone away.
The 2% target is nowhere near giving an inch!
Economic data also hasn’t provided a reason to cut rates.
The market wants easing, but it probably has to keep waiting and enduring!
At Jackson Hole, Warsh clearly emphasized that if inflation can’t keep sliding persistently back toward the 2% target, the Fed will still have “work to do.” He didn’t lay out a specific schedule for rate hikes, but he remains cautious about whether current financial conditions are tight enough—this kind of stance is hawkish even relative to what the market expects neutrality to look like.
Meanwhile, U.S. consumption, employment, and investment remain resilient, and the economy has not yet shown any obvious cracks from high interest rates. For the market, this means the bar for a rate cut remains very high; and even later on, as long as inflation continues to stay sticky, further tightening won’t be fully off the table.
The dovish signals that bulls most wanted to hear tonight basically didn’t arrive.
If yields keep pushing higher, the BTC that just broke above 81K will soon face a real stress test!
Click the card below and get started!👇$ETH $SOL
