Fed member Hammack when the article was prepared in crypto coins He makes explanations in tons that will cause the decline to accelerate. In fact, since the end of July, we have drawn attention and “markets will influence this situation will be a decline, August will begin with a decline,” we said. Hammack, on the other hand, hits the investors’ face while the bitter facts are prepared.
Crypto coins fall
Fed member Hammack increased inflation of tariffs and once again explains the fact that interest rate reductions will not be possible to increase inflation. Tomorrow, probably the Fed President Powell will say similar things and in crypto coins We’il see more. After the PPI data, the employment figures remaining in the shade showed that there is no big problem in the economy with the pioneering PMI data from today. Employment can be recovered, but after the whole data is increasing, Hammack says the following;
“The economic theory on the impact of one -time customs duties may not be valid. The biggest concern is that inflation is very high and inflation is in the wrong direction.
Labor demand may be falling, but the labor supply is also falling. Despite the slowdown, the labor market can still be in balance. We will evaluate labor data in the context of wider economic changes.
We are missing in inflation. We need to focus. The unemployment rate is one of the best indicators. We have a little more way to reach the neutral level.
According to the current data, I do not see any reason for interest rate reduction in September. I do not see an urgent justification for interest rate reduction according to the current data.
I do not see a significant sign of economic slowdown. I don’t think the Fed’s policy is far from neutral politics, no need for an encouraging policy. ”
BTC It can break the support of $ 125,500.
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.
