🚨Goldman is sounding the alarm on a massive fuel price spike hitting Asia. 🚨
Fuel costs have nearly doubled in some regions while the Hormuz blockade is expected to last twice as long as feared.
Headline PCE inflation is projected to peak at 4.5%, making a June Fed rate cut almost impossible.
This is where most traders get trapped.
The "inflation hedge" narrative is fighting a massive liquidity squeeze as energy costs drain wallets.
If the Fed stays hawkish today, does crypto have any fuel left for a breakout?