Warsh Signals a More Hawkish Fed
Fed Chair Kevin Warsh says recent inflation data improved, but the underlying trend has not meaningfully changed. He stressed that the Fed needs confidence inflation is moving back toward its 2% target, otherwise there is “a lot of work to do.”
The economy remains resilient, with strong consumer spending, a stable labor market and rising business investment. Warsh also noted that financial conditions don't currently look particularly restrictive.
The key takeaway for crypto: rate-hike risk is back on the table. A significant majority of Fed officials preferred waiting for more data at the July meeting, but markets are now pricing a higher chance of a September hike.
That makes the upcoming jobs and inflation data especially important for BTC and other risk assets.
$BTC $ETH #BTC Price Analysis# #MacroInsights #Altcoin Season#
Fed Chair Kevin Warsh says recent inflation data improved, but the underlying trend has not meaningfully changed. He stressed that the Fed needs confidence inflation is moving back toward its 2% target, otherwise there is “a lot of work to do.”
The economy remains resilient, with strong consumer spending, a stable labor market and rising business investment. Warsh also noted that financial conditions don't currently look particularly restrictive.
The key takeaway for crypto: rate-hike risk is back on the table. A significant majority of Fed officials preferred waiting for more data at the July meeting, but markets are now pricing a higher chance of a September hike.
That makes the upcoming jobs and inflation data especially important for BTC and other risk assets.
$BTC $ETH #BTC Price Analysis# #MacroInsights #Altcoin Season#
