Pip Following the shock of data, crypto currencies took place in a rapid decline in shock. Although interest rate reduction expectations are adversely affected, it is still not possible to speak clearly because 5 members support the discount and serious cooling in employment. At the time of the article, the FED member Musalem Ufe makes his first statements after his data.
Fed Interest Explanations
BTC He returned to 119 thousand dollars, but over half billion dollars long long positions were liquidated. Eth On the border of $ 4,700, but the new statements of the FED members will be decisive. If we start to see the opposite explanations from 5 members who have positioned in favor of discount, things may be confused. Yesterday, 2 different members announced their approaches to discounts. Now the haunt says similar or even worse.
“Inflation It seems to be watching around 3 %. Customs duties are reflected in inflation. I expect most of the impact of customs duties on inflation to decrease within 6 to 9 months, but may be more permanent. It is reasonable that the impact of customs duties is more permanent.
The labor market is in full employment, but the risks are downward. There are some slimming signs, but the labor market is solid. Labor demand decreased, but supply decreased. It is reasonable to expect the labor costs to be less than 50 thousand. I revised my opinion on labor risks slightly up and my opinion on inflation risks a little downward.
Aha will continue to revise my opinion as more data comes, it is too early to tell you what the right decision will be for September. I did not get any information from the businesses that they were on the verge of dismissal.
The elected authorities have the right to give opinions about the monetary policy, but the Fed’s duty is to listen to the voice of the people and enterprises in the region. If the FED reduces interest rates in an aggressive way, taking into account the labor market, this may cause inflation expectations to increase and have an adverse effect. So far, the impact of customs duties on basic goods and services has been limited. The probability of the impact of customs duties on inflation is reasonable. The half -point discount is not supported by the status of the economy or data. ”
BTC at 119 thousand dollars and 34 days after the expectation of discount for the meeting is still over 90 %. December expectations have weakened.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
