Fed hiking into cooling inflation = classic policy error setup
Delphi's strategist calling it: if Powell keeps pushing rates higher while the inflationary impulse is already rolling over, we're walking straight into a mistake that's played out multiple times in history
The lag effects are real. By the time they realize they overshot, liquidity will be drained and risk assets already bleeding
This matters for crypto: tighter conditions = less dry powder for speculative plays. But if they pivot too late, the unwind could be violent
Watch the data, not the rhetoric
Delphi's strategist calling it: if Powell keeps pushing rates higher while the inflationary impulse is already rolling over, we're walking straight into a mistake that's played out multiple times in history
The lag effects are real. By the time they realize they overshot, liquidity will be drained and risk assets already bleeding
This matters for crypto: tighter conditions = less dry powder for speculative plays. But if they pivot too late, the unwind could be violent
Watch the data, not the rhetoric