✅Macro Economy & Fed: Pressure from Inflation
The biggest focus in the global financial markets is the personnel and policy changes at the Federal Reserve (Fed).
New Fed Chairman & Concerns Over Rate Hikes: With Kevin Warsh stepping into the Chairman role, replacing Jerome Powell, traders are anxiously awaiting the FOMC meeting on June 17.
Inflation Heating Up Again: Recent CPI (3.8%) and PPI (6%) figures have come in higher than expected, causing the yield on 10-year U.S. Treasury bonds to spike to a year-high (4.54%).
Reversal of Expectations: From anticipating a rate cut, data from CME FedWatch now shows that bets on the Fed maintaining rates or even increasing them are gaining ground (over 44% chance of a rate hike). This is putting strong downward pressure on Bitcoin, which at one point dropped to the $77,855 range as funds flow back into safe-haven assets.#CreatorpadVN #FedNews $BTC $ETH $BNB
The biggest focus in the global financial markets is the personnel and policy changes at the Federal Reserve (Fed).
New Fed Chairman & Concerns Over Rate Hikes: With Kevin Warsh stepping into the Chairman role, replacing Jerome Powell, traders are anxiously awaiting the FOMC meeting on June 17.
Inflation Heating Up Again: Recent CPI (3.8%) and PPI (6%) figures have come in higher than expected, causing the yield on 10-year U.S. Treasury bonds to spike to a year-high (4.54%).
Reversal of Expectations: From anticipating a rate cut, data from CME FedWatch now shows that bets on the Fed maintaining rates or even increasing them are gaining ground (over 44% chance of a rate hike). This is putting strong downward pressure on Bitcoin, which at one point dropped to the $77,855 range as funds flow back into safe-haven assets.#CreatorpadVN #FedNews $BTC $ETH $BNB