Federal Reserve Chair Warsh went hawkish at Jackson Hole: inflation isn’t done yet—he said there’s still work to be done.
Traders heard that and immediately pushed up expectations for a September rate hike. Global risk assets collectively shuddered.
The speech had been awaited for days, and what they got was a bucket of cold water. Earlier, some people were wondering whether a shift toward rate cuts would happen in the second half. Now the Chair himself is coming out to put out the fire, saying inflation is still far from the target. A near-term easing of monetary policy? Basically not happening.
For crypto, is this a negative? In the short term, with U.S. interest rates staying high, risk assets are uncomfortable—Bitcoin just has to breathe along. But flip the perspective: the more fully priced-in the rate-hike expectations are, the fewer surprises there are on the day it actually gets implemented.
And don’t forget: macro is the master switch for this round of the market. As long as the Fed doesn’t loosen policy, volatility won’t stop. Instead of staring at the K-line every day, it’s better to track the main thread—rate expectations.
Looking ahead, if inflation really gets under control, the room for a policy pivot may actually expand. Feeling rough now doesn’t mean it will always feel rough. The key turning points are all in the second half—data releases after data releases, and the best show is still to come.
For ordinary players, the biggest fear at times like this is making the wrong move. Before you’re clear on the direction, keep your position light and hold onto some “ammunition.” Once the macro signals become clear, opportunities will naturally appear.
Remember this: big moves are never finished in a single day. The real opportunities are often hidden when everyone else is panicking. Stay calm—nothing matters more.
Every day, I’ll bring you to track macro hot topics—not just what’s happening in the news, but also help you understand the logic and opportunities behind it 👀🚀
Click the link below to follow me 👇🏻加入小恐龙粉丝群
#FederalReserve #JacksonHole #Bitcoin
Traders heard that and immediately pushed up expectations for a September rate hike. Global risk assets collectively shuddered.
The speech had been awaited for days, and what they got was a bucket of cold water. Earlier, some people were wondering whether a shift toward rate cuts would happen in the second half. Now the Chair himself is coming out to put out the fire, saying inflation is still far from the target. A near-term easing of monetary policy? Basically not happening.
For crypto, is this a negative? In the short term, with U.S. interest rates staying high, risk assets are uncomfortable—Bitcoin just has to breathe along. But flip the perspective: the more fully priced-in the rate-hike expectations are, the fewer surprises there are on the day it actually gets implemented.
And don’t forget: macro is the master switch for this round of the market. As long as the Fed doesn’t loosen policy, volatility won’t stop. Instead of staring at the K-line every day, it’s better to track the main thread—rate expectations.
Looking ahead, if inflation really gets under control, the room for a policy pivot may actually expand. Feeling rough now doesn’t mean it will always feel rough. The key turning points are all in the second half—data releases after data releases, and the best show is still to come.
For ordinary players, the biggest fear at times like this is making the wrong move. Before you’re clear on the direction, keep your position light and hold onto some “ammunition.” Once the macro signals become clear, opportunities will naturally appear.
Remember this: big moves are never finished in a single day. The real opportunities are often hidden when everyone else is panicking. Stay calm—nothing matters more.
Every day, I’ll bring you to track macro hot topics—not just what’s happening in the news, but also help you understand the logic and opportunities behind it 👀🚀
Click the link below to follow me 👇🏻加入小恐龙粉丝群
#FederalReserve #JacksonHole #Bitcoin
