๐ KEVIN WARSH: INFLATION RATES ARE STILL THE FEDโS TOP PRIORITY
๐บ๐ธ Fed Chairman Kevin Warsh said that summer economic data came in better than expected, but still isnโt enough to confirm that the inflation trend has truly changed.
๐ According to Warsh, the Fed still has a lot to do if inflation has not returned to the 2% target. He did not directly call for rate hikes, but the message is quite clear: as long as the economy remains strong and the labor market is relatively stable, controlling inflation remains the priority.
๐ The market reacted immediately after the remarks: the DXY jumped, while Bitcoin and gold came under selling pressure. Expectations of Fed easing have therefore become more cautious.
โ ๏ธ A notable point is that Warsh did not issue extremely hawkish signals, but the message is strong enough to remind the market that low interest rates are not necessarily a sure thing. For BTC, the reaction of the USD and yields will continue to be key factors to watch.
๐ HOT COINS TRADING HERE ๐
$MOVR
$HEMI
$PROM
๐บ๐ธ Fed Chairman Kevin Warsh said that summer economic data came in better than expected, but still isnโt enough to confirm that the inflation trend has truly changed.
๐ According to Warsh, the Fed still has a lot to do if inflation has not returned to the 2% target. He did not directly call for rate hikes, but the message is quite clear: as long as the economy remains strong and the labor market is relatively stable, controlling inflation remains the priority.
๐ The market reacted immediately after the remarks: the DXY jumped, while Bitcoin and gold came under selling pressure. Expectations of Fed easing have therefore become more cautious.
โ ๏ธ A notable point is that Warsh did not issue extremely hawkish signals, but the message is strong enough to remind the market that low interest rates are not necessarily a sure thing. For BTC, the reaction of the USD and yields will continue to be key factors to watch.
๐ HOT COINS TRADING HERE ๐
$MOVR
$HEMI
$PROM
