đ„ THE FED JUST SENT A CLEAR SIGNAL đđ
Fed officials Hamack and Goolsbee have made their stance clear:
inflation is the bigger concern right nowânot the job market.
Energy prices are rising due to the Iran situation, and while employment is showing signs of weakness, their focus remains on stubborn inflation (which theyâve described as persistently intense for years). Instead of discussing rate cuts, theyâre leaning toward keeping policy tight.
My take:
This kind of messaging typically puts pressure on risk assets. When the Fed prioritizes fighting inflation over supporting growth, it usually means interest rates stay higher for longerâsomething crypto doesnât respond well to in the short term.
Bitcoin has seen a recent bounce, but this macro tone often leads to profit-taking and a reality check.