Bank of Japan policy board member Toichiro Asada said that consumer spending is not strong enough to drive the economy, and warned that rate hikes could suppress underlying inflation, given the lack of momentum in consumption｜$BTC (24h -0.48%)
This bearish news may lead some investors to wait on the sidelines for now. Whether they come back later depends on how the market moves. It’s much less stressful to wait for the price to pull back near support before deciding than to chase it the moment the news breaks. If you had to describe this news in one word, what would you choose?
This bearish news may lead some investors to wait on the sidelines for now. Whether they come back later depends on how the market moves. It’s much less stressful to wait for the price to pull back near support before deciding than to chase it the moment the news breaks. If you had to describe this news in one word, what would you choose?