๐จ #WarshSaysInflationIsFedTopFocus
Fed Chair Kevin Warsh just delivered a hawkish message at Jackson Hole.
He said inflation remains above the Fedโs 2% target and that price stability should be the Fedโs predominant focus right now.
Markets are now watching closely for the possibility of higher interest rates if inflation stays elevated.
๐ For crypto traders, this matters: higher-for-longer rates can put pressure on risk assets like BTC and altcoins.
The next U.S. inflation data could be critical. ๐
#bitcoin #crypto #BTC #Binance
$BTC
Fed Chair Kevin Warsh just delivered a hawkish message at Jackson Hole.
He said inflation remains above the Fedโs 2% target and that price stability should be the Fedโs predominant focus right now.
Markets are now watching closely for the possibility of higher interest rates if inflation stays elevated.
๐ For crypto traders, this matters: higher-for-longer rates can put pressure on risk assets like BTC and altcoins.
The next U.S. inflation data could be critical. ๐
#bitcoin #crypto #BTC #Binance
$BTC