🚨 Shock Attack in Jackson Hole! 🚨
The Chairman of the Federal Reserve, Arshef, crushed market optimism, leading to a decline of #Bitcoin by 4%. Here is the harsh reality check:
No concessions: The Federal Reserve’s 2% inflation target is absolute and non-negotiable.
More pain ahead? The labor market remains very strong, meaning current financial conditions are still not tight enough for the Federal Reserve.
Rate-cut dreams frozen: Forget immediate cuts—raising the rate is back officially on the table.
The “higher for longer” narrative is still the biggest obstacle for cryptocurrencies. Now everything hinges on the upcoming inflation data.
Please continue following
#warshsaysinflationisfedtopfocus
$BTC $ETH $BNB
The Chairman of the Federal Reserve, Arshef, crushed market optimism, leading to a decline of #Bitcoin by 4%. Here is the harsh reality check:
No concessions: The Federal Reserve’s 2% inflation target is absolute and non-negotiable.
More pain ahead? The labor market remains very strong, meaning current financial conditions are still not tight enough for the Federal Reserve.
Rate-cut dreams frozen: Forget immediate cuts—raising the rate is back officially on the table.
The “higher for longer” narrative is still the biggest obstacle for cryptocurrencies. Now everything hinges on the upcoming inflation data.
Please continue following
#warshsaysinflationisfedtopfocus
$BTC $ETH $BNB
