of 2022 cryptocurrency oracle Capo appeared before investors with his predictions again. While QCP discusses the latest developments, Fed member Goolsbee evaluates the current situation. As cryptocurrency investors head towards a weekend where volumes will drop again, Iran is pregnant with big news. So what do the experts say?
Fed statements
Today employment data came back strong. This shows that the Fed can keep interest rates constant throughout 2026. Although names such as Hassett and Miran said that interest rate cuts would return with Warsh, the increase in inflation has not yet reversed. While oil is still stalled at triple-digit levels, the monthly inflation increase is 1%.
Meanwhile, Iran announced that the Strait of Hormuz management plan will become permanent law. Iran demands control of the Bosphorus and a passage fee as a gain in the war. Clashes between US and Iranian ships near the Strait of Hormuz are reported by Nour News.
Fed member Goolsbee said;
“The labor market remains largely stable, with limited signs that the labor market is deteriorating. Inflation It is trending at high levels and moving in the wrong direction. The increase in inflation is not only related to energy, it was also high before the war.
The biggest concern is inflation in the service sector. The Fed should monitor inflation conditions closely. For the Fed, everything must always be considered. It is being evaluated whether the energy shock will continue.
“I am concerned that markets are trying to factor in AI productivity gains prematurely.”
QCP and Capo
QCP Capital analysts wrote that today’s workforce data will determine the outcome. According to analysts, we will start to see pressure on stocks as strong data pushes policy to become more hawkish. This is also a negative for cryptocurrencies, and the price stalling below $80,000 at the time of writing confirms this. Additionally, in today’s evaluation, QCP analysts reiterated their stagflation warning.
“Forecast markets put the probability of normalization not occurring in the Strait of Hormuz by May 15 at 97%. The gap between this pricing and the stock market’s tendency to ease any tensions is the decisive contradiction of the week. The FOMC minutes will be released on May 20; if the tension in the crude oil market has not subsided by then, stagflation “It will become very difficult to ignore the scenario.”
So what does Capo say? Sharing the chart above, the cryptocurrency prophet of 2022 voted for the continuation of the rise, saying “the short-term correction process continues.”
“The short-term correction process continues. I think we will see a final decline towards the 78,000-79,000 level and then the upward trend will continue.”
