cryptocurrencies It is experiencing the greenest day of the week because BTC increased by 0.4 percent. It’s been a terrible week, but for now the decline seems to have stopped. While the article was being prepared, Fed member Goolsbee made some important statements. The importance of this week’s Fed statements increases even more after what Powell said the previous week. Let’s take a quick look.
Fed Statements and Cryptocurrencies
Fed Member Goolsbee is speaking and described the cooling in the labor market as mild. A few minutes ago, it was announced that the Volgograd oil refinery stopped production due to the Ukrainian attack. The agenda is quite hot. The important highlights of Goolsbee’s statements so far are as follows:
“Most labor market indicators show stability in the market. We must carefully evaluate the decline in the number of salaried jobs as an indicator of the labor market. There is a slight cooling in the labor market.
The unemployment rate remained essentially unchanged. Low employment and low layoffs are characteristic of an uncertain environment.
There is very little information from the private sector on inflation, it will be some time before we see any problems. We cannot count on inflation to be temporary. Consumer spending and growth are strong.
I am more worried about interest rate cuts without inflation data. It is disturbing that the data becomes unclear just as we see services inflation rising. I’m not a hawk on interest rates in the medium term. The point at which interest rates will stabilize will be well below today’s level.
I’m closer to the “be careful and slow down in foggy weather” approach. “I may be hesitant to continue the rate-cutting cycle.”
Bitcoin 
$103,002.58 price Despite cautious statements, it is relatively strong and awaits the US market opening. If the opening is positive after about half an hour, the crypto can breathe a little easier.
