Basically, nothing burger to inflation.
- no rate cut
- projection of another 2 rate cut until the end of the year
- Powell is still assessing the effect on tariff
- inflation is elevated
However, FED is projecting a stagflation condition for base case until eoy. This factor is kind of worrying.
My hypothesis is this will be good for $BTC considering it as the play for sound money.
But, it could be bad for altcoins as it’s the highest risk beta play.
It’s all actually have been anticipated as I previously predicted recession to come next year.
But still, market is dynamic and it can change any time based on preferences of the macro-micro condition.
I’m still digesting this current condition with my team and I’ll share the end idea here.
Also, I’ll share my portofolio update here soon and our company’s action to the market on daily basis in The Alpha.
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