📈 Crypto Market Update: Fed's Goolsbee Hints at Rate Cuts Amid Turbulence | 23 May 2025
Fed’s Austan Goolsbee sparked cautious optimism today, suggesting rate cuts could unfold within 10–16 months as trade policy uncertainty complicates inflation and growth forecasts 📉. His remarks highlighted fears of "stagflationary" tariff impacts, with Trump’s proposed 50% EU duties rattling supply chains ⚠️. Markets are pricing in delayed Fed action, but crypto remains resilient! $BTC briefly surged to a new ATH of $111,000🚀 before settling at $110.6K, fueled by BlackRock’s IBIT ETF inflows ($530M) 💸 and rumors of a US bank-backed stablecoin. Altcoins like COIN (+5%) rode the bullish wave 🌟, while gold’s rally underscored safe-haven demand amid fiscal jitters.
Stay sharp: Volatility looms as tariffs and Fed patience collide. Trade wisely!
Disclaimer: This content is for informational purposes only. Not financial advice. Do your own research. 📊