@BitcoinBaby 27 August 2022 more from that month

𝐂𝐫𝐲𝐩𝐭𝐨 𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 Powel did not say anything new during the Jackson Hole Symposium Opening Remarks. It was known that the FED will keep fighting inflation. But he called out accepting the recession that will follow the increased rate hikes. The FED keeps aiming at 2% inflation, where expected inflation for the next months will probably be around 9%. Therefore the FED has no problem with another rate hike of 75 points although they are thinking about slowing it down after September. https://www.youtube.com/watch?v=vhMRynjm3CI The impact of this on the crypto market was huge, but if this draws out over the weekend we might see the market even drop lower. #crypto