• bitcoinBitcoin (BTC) $ 66,841.00
  • ethereumEthereum (ETH) $ 2,053.22
  • tetherTether (USDT) $ 0.999858
  • xrpXRP (XRP) $ 1.32
  • bnbBNB (BNB) $ 588.79
  • usd-coinUSDC (USDC) $ 1.00
  • solanaSolana (SOL) $ 80.21
  • tronTRON (TRX) $ 0.314724
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03

Fed's Logan: I wasn't convinced inflation was easing enough even before the war started

Comments from the Dallas Fed President:Was quite challenging to do most recent round of Fed forecasts
Swift war resolution may mean economic impact might be pretty moderate
Policy is positioned to respond to data, Fed prepared to make adjustments as needed
US has some buffers to impacts from the war
Key question is if war disruptions induce investment in US energy production
Energy producers appear to need extend higher prices to boost production
I am not hearing we will see ‘dramatic’ US energy production increase so farThere has been a big turnaround in markets as there is some sense of a TACO coming. I flagged the bond market seeing this first and now it’s spreading. There is a sense that someone out there is trading on insider war information.In real news, IRNA reports that Iran has drafted a protocol with Oman for traffic in the Strait of Hormuz and that could be helping as well.
This article was written by Adam Button at investinglive.com.

🔗 Source

💡 DMK Insight

The Dallas Fed President’s comments hint at a more flexible monetary policy, and here’s why that matters: With SOL currently at $80.08, traders should be aware that any shifts in Fed policy could impact risk assets, including cryptocurrencies. If the Fed is prepared to adjust based on incoming data, it suggests a more reactive approach to economic indicators, which could lead to increased volatility in the crypto markets. If the war resolution leads to a moderate economic impact, we might see a stabilization in market sentiment, potentially allowing SOL to test key resistance levels. However, there’s a flip side—if the Fed’s adjustments are perceived as too slow or inadequate, we could see a sell-off in risk assets. Traders should keep an eye on the $75 support level for SOL; a break below that could trigger further downside. Watch for upcoming economic data releases that could sway Fed sentiment, as these will be crucial for short-term trading strategies.

📮 Takeaway

Monitor SOL closely around the $75 support level; any Fed policy shifts could lead to significant volatility in the coming weeks.

Leave a Reply

Navigating Success Together

Place your Ad

Trending News

  • All Posts
  • Community
  • Crypto Markets
  • DeFi & Web3
  • DMK AI Summary
  • DMK Editorials
  • DMK Press Release
  • Forex News
  • NFT & Metaverse
  • Regulation & Security
  • Tech & Innovation
  • Top News

News Categories