nobody’s talking about the scariest thing for crypto rn 👇
the Fed basically stopped telling us what it’s gonna do next.
🔇 Warsh killed “forward guidance”
🔇 the dot plot might be next
🔇 his take: markets should read the data, not the Fed
sounds smart on paper. in practice:
📈 Sept CPI 3.7%
🎲 October hike = coin toss
🤐 Fed chair won’t hint either way
so every CPI print and every Fed speech turns into a casino. like this morning, $ETH dumped to 2350 and was back above 2400 within hours
even his own colleagues are pushing back. 40+ speeches since the september hike trying to calm markets down 😅
watch his Bangkok speech tomorrow 👀
honest question: does a “quiet Fed” make crypto more volatile, or do we just stop caring about the Fed? 👇
$BTC
$ETH
#WarshPushesToScaleBackForwardGuidance #CPIWatch✨ #EthereumDropsBelow$2400