๐ Crypto Market Update: Fed's Goolsbee Hints at Rate Cuts Amid Turbulence | 23 May 2025
Fedโs Austan Goolsbee sparked cautious optimism today, suggesting rate cuts could unfold within 10โ16 months as trade policy uncertainty complicates inflation and growth forecasts ๐. His remarks highlighted fears of "stagflationary" tariff impacts, with Trumpโs proposed 50% EU duties rattling supply chains โ ๏ธ. Markets are pricing in delayed Fed action, but crypto remains resilient! $BTC briefly surged to a new ATH of $111,000๐ before settling at $110.6K, fueled by BlackRockโs IBIT ETF inflows ($530M) ๐ธ and rumors of a US bank-backed stablecoin. Altcoins like COIN (+5%) rode the bullish wave ๐, while goldโs 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. ๐