Powell Is Paralyzed. The January Data Trap.
The market consensus is clear: Powell is refusing to commit. The Federal Reserve has fully transitioned into a reactive institution, delaying any meaningful forward guidance on interest rates until the crucial January economic print.
We are currently in a macroeconomic holding pattern. All eyes are fixed on the upcoming payroll and CPI data, which will serve as the ultimate input shaping 2024 monetary policy. This cautious, highly data-reliant approach means liquidity and directionality for high-beta assets like $BTC and $ETH are likely to remain constrained.
Do not mistake the current calmness for certainty; it is simply the calm before the data-driven storm. The volatility squeeze is real until those numbers hit the wire.
Disclaimer: Not financial advice.
#MacroAnalysis #FederalReserve #BTC #CryptoMarket #CPI
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