• bitcoinBitcoin (BTC) $ 62,784.00
  • ethereumEthereum (ETH) $ 1,735.81
  • tetherTether (USDT) $ 0.998852
  • bnbBNB (BNB) $ 596.06
  • usd-coinUSDC (USDC) $ 0.999649
  • xrpXRP (XRP) $ 1.14
  • solanaSolana (SOL) $ 67.41
  • tronTRON (TRX) $ 0.327247
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.02

Fed's Schmid: Inflation is the biggest risk facing the economy

Jeffrey Schmid, President of the Federal Reserve (Fed) Bank of Kansas City, said on Thursday that inflation remains the primary threat to the US economy, while raising questions about whether the Fed may need to keep interest rates elevated or even tighten policy further to ensure price stability.

🔗 Source

💡 DMK Insight

Inflation concerns are back on the table, and here’s why that matters for ETH: With ETH currently at $1,764.96, traders need to consider how the Fed’s stance on interest rates could impact crypto markets. If the Fed decides to keep rates elevated or tighten further, we could see a stronger dollar, which often pressures crypto prices. Historically, when the Fed signals a hawkish approach, risk assets like ETH tend to react negatively, as higher borrowing costs can dampen investment appetite. Look for ETH to test key support levels around $1,700. If it breaks below this, we might see a cascade effect, pushing it further down. On the flip side, if inflation data shows signs of cooling, it could provide a bullish catalyst for ETH, especially if it can reclaim resistance around $1,800. Keep an eye on upcoming inflation reports and Fed announcements, as they could dictate market sentiment in the coming weeks.

📮 Takeaway

Watch for ETH to hold above $1,700; a break could signal further downside, while reclaiming $1,800 could spark a rally.

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