At his post-meeting press conference, Fed Chairman Jerome Powell said inflation remains too high and the central bank's focus remains on returning that gauge to its 2% target.
Earlier today, the U.S. Consumer Price Index report for May showed an unexpected slowdown in inflation last month. The news sent crypto, stock and bond markets sharply higher as traders ratcheted upward their expectations for the commencement of Fed rate cuts.
The hawkish turn in the Fed economic projections, later confirmed by Powell in his press conference, has taken the steam out of those rallies. Bitcoin (BTC) at 19:00 UTC had returned back to $67,300, flat over the past 24 hours. U.S. stocks and bonds closed the day with gains, but well off session highs.
Hey everyone no stream tonight I’m going to be weird and wake up for CPI tomorrow morning and try to either do one long stream through FOMC minutes or two streams covering both FOMC and cpi data. Tomorrow is going to be a crazy day so get ready for a lot of big moves.
What Tutorial Videos Do You Want Me To Make Next Week?
Another great day in Austin for consensus
Meeting some awesome people in Austin. Hanging out at the @trondao party at the four seasons.
oh boy
That midnight day trade I opened played out perfectly. Hoping I see a few more trades worth making soon.
CPI is Supposed To Be 3.4% This Week. What Do You Think?
No stream tonight guys. That black screen issue I had been talking about is getting worse and now just when I was setting up my monitors turned back and the GPU messed up. Going to see if I can snag a new computer soon so this stuff doesn’t happen. Taking apart the computer now to give it a good cleaning so everything is working for tomorrow’s stream.
Another Trading Strategy Video. If you have a min check it out and learn something new!
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