🚨 BREAKING: The Fed just reminded markets who’s in charge.
After the speech by the Fed Chair, gold fell by about $100 from its peak, and silver also dropped more than $1 during the day.
The Fed’s message is pretty clear: inflation is still priority #1, and PCE/CPI coming in better than expected isn’t enough to confirm that core inflation has improved in a sustainable way.
The market’s first reaction: gold & silver were sold off heavily.
For crypto, this is also something to watch: if expectations for Fed easing get pushed back, risk assets could continue to face pressure.
The Fed says one line, and the whole market starts reworking the playbook. 💀
#Fed #Macro #bitcoin #crypto $XAU
After the speech by the Fed Chair, gold fell by about $100 from its peak, and silver also dropped more than $1 during the day.
The Fed’s message is pretty clear: inflation is still priority #1, and PCE/CPI coming in better than expected isn’t enough to confirm that core inflation has improved in a sustainable way.
The market’s first reaction: gold & silver were sold off heavily.
For crypto, this is also something to watch: if expectations for Fed easing get pushed back, risk assets could continue to face pressure.
The Fed says one line, and the whole market starts reworking the playbook. 💀
#Fed #Macro #bitcoin #crypto $XAU
