⚠️ RED Alert....
That statement by Warsh is not very bullish for crypto by itself.
Healthy consumer spending + stable labor market → economy is strong.
Strong economy gives the Fed less reason to cut rates.
More importantly, Warsh is also saying inflation is still too high and the Fed may need to do more if it doesn't fall. �
Barron's +1
That is hawkish for rates → potentially bearish for BTC/ETH, especially short term.
That statement by Warsh is not very bullish for crypto by itself.
Healthy consumer spending + stable labor market → economy is strong.
Strong economy gives the Fed less reason to cut rates.
More importantly, Warsh is also saying inflation is still too high and the Fed may need to do more if it doesn't fall. �
Barron's +1
That is hawkish for rates → potentially bearish for BTC/ETH, especially short term.