The message from Kevin Warsh at Jackson Hole sounds more cautious than the market may have hoped. Inflation is still above where the Fed wants it, and he made it clear that the 2% target remains the priority.
He also pointed out that recent inflation improvements haven't changed the underlying picture enough yet. With labor markets still stable and financial conditions not particularly restrictive, there doesn't seem to be an urgent reason for aggressive easing.
That could keep pressure on $BTC and other risk assets if traders start pricing in fewer or later rate cuts. The dollar and Treasury yields could also remain important signals as markets adjust to the Fed's tone.
For now, the message is pretty simple: don't expect the Fed to rush.
Do you think this hawkish tone will keep $BTC under pressure, or has the market already priced it in?
#Fed #MarketSentimentToday
#Market_Update #bitcoin
He also pointed out that recent inflation improvements haven't changed the underlying picture enough yet. With labor markets still stable and financial conditions not particularly restrictive, there doesn't seem to be an urgent reason for aggressive easing.
That could keep pressure on $BTC and other risk assets if traders start pricing in fewer or later rate cuts. The dollar and Treasury yields could also remain important signals as markets adjust to the Fed's tone.
For now, the message is pretty simple: don't expect the Fed to rush.
Do you think this hawkish tone will keep $BTC under pressure, or has the market already priced it in?
#Fed #MarketSentimentToday
#Market_Update #bitcoin
