🚨 FED GOVERNOR CHRISTOPHER WALLER JUST SPOKE 🔥🔥
The inflation fight just got a whole new wildcard — and Waller is NOT brushing it off.
Waller signaled he is cautious about cutting interest rates anytime soon, pointing directly to the energy shock triggered by the war in Iran — and warned the inflationary impact of that conflict could be prolonged. (Bloomberg)
He laid out how the economy was already running above the Fed's 2% inflation target even before the latest shocks hit — and now the situation is more complicated. (Federal Reserve) Add in an energy crisis from a Middle East war and you've got a Fed that simply can't pivot dovish right now.
Bottom line from Waller: rate cuts are off the table in the near term. (Bloomberg) Higher for longer just got a brand new reason to stick around. 🧱
This is the kind of macro signal that bleeds into risk assets fast. Tighter-for-longer Fed = pressure on equities AND crypto. The question is whether the market already priced this in or if we're in for a rude awakening.
BTC — dips hard on this or do bulls absorb it and keep climbing? $BTC $AAVE
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