$BTC $ETH $BNB 🚨 #BTC INVESTORS PAY ATTENTION THIS WILL INCREASE SELLING PRESSURE TOMORROW.. #Fed MEETING 1st MAY 2024 WE ARE EXPECTING A DUMP ACROSS THE CRYPTO MARKET FOR THE SHORT PERIOD OF TIME AS FED ARE READY TO DO ANYTHING TO REDUCE INFLATION RATE
Brad McMillan, Chief Investment Officer at Commonwealth Financial Network, has expressed a hawkish view on the Federal Reserve's approach to inflation, stating that the Fed is willing to take drastic measures to bring inflation down, even if it means causing damage to the economy.
McMillan's comments suggest that the Fed is prioritizing its inflation-fighting mandate over concerns about economic growth or potential market volatility. This stance implies that the Fed is willing to:
1. Keep interest rates high for an extended period
2. Tighten monetary policy aggressively
3. Risk causing a recession or market correction
McMillan's statement aligns with the Fed's recent communications, which have emphasized the need to bring inflation back down to its 2% target, even if it requires some economic pain.
This hawkish stance has significant implications for investors, consumers, and businesses, as it may lead to:
1. Higher borrowing costs
2. Slower economic growth
3. Increased market volatility
4. Potential recession
🚨🚨Technically speaking the more the hike in feds rate the most Bearish momentum we experience across the crypto market
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