📢📢📢Good news! Fed Chairman Powell recently stated that the trade-off between reducing inflation and maintaining a solid labor market is changing, a cautious but important shift that brings the Fed one step closer to cutting interest rates. 😮😮😮
Powell pointed out: "Rising inflation is not the only risk we face." He also said that the labor market has cooled significantly in many ways, which is not the source of the current general inflationary pressure in the economy. This assessment is worth pondering, because Fed officials have long believed that an overheated labor market is the main risk to the process of suppressing inflation.
🤔🤔🤔Interestingly, Powell admitted that he would not have made such a judgment just two months ago. It seems that the Fed's policy shift may have a positive impact on cryptocurrency markets such as Bitcoin. Let's wait and see! 👀👀👀