Chicago Fed President Austan Goolsbee just signaled that tackling inflation remains the central bank's top focus, especially as labor market conditions appear to be stabilizing. This shifts the narrative for rate policy ahead—markets are watching closely. When employment stabilizes while inflation still lingers, we typically see extended hold periods or a slower pace of cuts. For crypto and risk assets, this means sustained macroeconomic headwinds could persist longer than some expect. The Fed's balancing act between inflation control and labor market health will be crucial to track.
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DecentralizedElder
· 10h ago
Oh no, they're hawkish again. I can't go on like this.
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FreeMinter
· 10h ago
Gulsby, with these words, the interest rate cut dream is about to be shattered again. Our coins will have to wait a little longer.
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SeasonedInvestor
· 10h ago
Coming back with this again? Inflation hasn't eased yet, and interest rate cuts are still far off. Are we, the retail investors, going to keep getting frozen out?
Chicago Fed President Austan Goolsbee just signaled that tackling inflation remains the central bank's top focus, especially as labor market conditions appear to be stabilizing. This shifts the narrative for rate policy ahead—markets are watching closely. When employment stabilizes while inflation still lingers, we typically see extended hold periods or a slower pace of cuts. For crypto and risk assets, this means sustained macroeconomic headwinds could persist longer than some expect. The Fed's balancing act between inflation control and labor market health will be crucial to track.