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Hey ET Fam! Happy Friday! Jerome Powell delivered a pretty hawkish message to the public today. It was announced that there will be no pivot on interest rates. The main goal is to tackle inflation, and the only way the FED sees this being solved is by staying the course and remaining hawkish. naturally, the markets did not take the news too well, and we’ve already seen more charts collapsing. However, it’s worth mentioning that recent inflation rates have been a bit better than before.

So, this tough approach might end up being better in the long run. Only time will tell. In the meantime, be sure to remain cautious.

00:00 – Intro
01:31 – No pivot
02:22 – Really… no pivot
02:48 – More pain to come
03:44 – The plan changes
05:22 – Cost of energy
06:05 – Map of the day
06:33 – The FED ain’t gonna save the day
09:24 – Outro

#crypto #cryptocurrency #bitcoin #btc #eth #news #money #moneymarket #finance #recession #inflation #economy #financialnews

DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR

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