Post
Nuri-Crypto
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The Fed warns: The fight against inflation is still on 📉
Kevin Warsh, President of the Federal Reserve, delivered his first major speech at Jackson Hole with a clear message for the markets: the 2% inflation target is non-negotiable.
The 4 keys of the speech:
🔸 Still-high prices: Even though inflation has recently eased, 49% of consumer categories are growing at a rate above 3% per year.
🔸 A "quieter" Fed: Warsh removes promises about the future path of interest rates. He wants the market to focus on real data, not speculation from Wall Street.
🔸 The AI engine: Investment in Artificial Intelligence is increasing productivity, making it possible to keep restrictive rates without choking the economy.
🔸 Impact on the markets: Bond yields rose and the crypto market reacted lower, with Bitcoin falling below $77,000.
Do you think the Fed will keep rates high for longer this year? Let us know in the comments! 👇
#Fed #Binance #losfantasticosdeltrading #nuricrypto
$BTC
$PAXG
$XRP
Kevin Warsh, President of the Federal Reserve, delivered his first major speech at Jackson Hole with a clear message for the markets: the 2% inflation target is non-negotiable.
The 4 keys of the speech:
🔸 Still-high prices: Even though inflation has recently eased, 49% of consumer categories are growing at a rate above 3% per year.
🔸 A "quieter" Fed: Warsh removes promises about the future path of interest rates. He wants the market to focus on real data, not speculation from Wall Street.
🔸 The AI engine: Investment in Artificial Intelligence is increasing productivity, making it possible to keep restrictive rates without choking the economy.
🔸 Impact on the markets: Bond yields rose and the crypto market reacted lower, with Bitcoin falling below $77,000.
Do you think the Fed will keep rates high for longer this year? Let us know in the comments! 👇
#Fed #Binance #losfantasticosdeltrading #nuricrypto
$BTC
$PAXG
$XRP
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.