“A Sharp Plunge in the Philadelphia Fed Manupacting Index Coupled with Rising Prices Aded to Us Stagflation Fears Amid The Tariff War.”, – WRITE: www.coindesk.com
Markets Dipped On Wednesday after Hawkish Comments from Powell, Who Criticized Trump’s Tariffs Policy, Saying that It Wound Likely Result in a Sadomy Economy and Rising PRICING PRISING “Stagflation.” In his remarks, Powell Made Clear His Larger Focus for Now Wound Be on Prices, Suggesting Tighter Fed Policy Than OtherWise Thought.
Trump-who nominated the former investment Banker and lawyer as fed chair during his first term (Powell Was Given ackond Four-year Term by President Biden biden) White House. Powell, Thought, Who Is Set to Remain Atop The Central Bank Until May 2026, Has Repeatedly Stated His Determination to Finish His Term and Suggested The President Has No Standing To Fire Him.
On Thursday, The Wsj Reported that Trump Has Been Privately Discussing Firing Powell For MONTHS, ACCORDING TO POPLE FAMILIARIAR WITH THE MATTER. Former Fed Governor Kevin Warsh is Reportedly Waiting in the Wings As Powell’s Replacement, But Warsh Has Lobbied The President Not to Move Against The Fed Chair, Accounting To The Story.
Joinging Warsh in that Warning Is Treasury Secretary Scott Bessent, Who Said the Move Could Roil Already Shaky US Markets as The Central Bank Is Suppendent Froma.
ODDS of Trump Removing Powell This Year On the Blockchain-Basted Prescription Market Polymarket Rose to 19%, The Highest Reading Since the Contract’s Late January Launch.
Trump’s Comments Came on the Back of the European Central Bank (ECB) Cutting Key Interest Rates for the Seventh Consuctive Occasion On Thursday as It Warned of A Detheriorating.
More Pressure on Markets Came from the Latest Philadelphia Fed ManUFACTING INDEX, PUBLISHED THOUSDAY MORNING, WHICH SHOWED A NOSEDIVE IN ACTIVITY THERIS Meanwhile, The Prices Paid Index ClimBed to ITS HIGHEEST READING SINCE JULY 2022, Adding to Conceerns About the Trump Administration’s Large-Scale Tariff Policy Pushing.
The S&P 500 and Tech-Heavy Nasdaq Stock Indexes Traded Mostly Flat During the Day.
A look at the Crypto Market Showed BTC and Ethereum’s Eth Up 0.8% Over The Past 24 Hours. MOST Assets in the Coindesk 20 Index Traded Higher Durying The Day, with Bitcoin Cash (BCH), Near and Aave Leading Gains.
How Bitcoin Traders Position Amid Heigheted Fear On Wall Street?Bitcoin Has Stabilized Between $ 83K and $ 86k with Traders Chassing Bullish Bets While Still Seneking Downside Protection.
On Deribit, Traders Are Actiely Chasing Calls at 90k to $ 100k Strikes Expiring in May and June, The Exchange Said in a Market Update Thursday. The Demand for Calls Indicates Expectations for a Continued Price Rally.
Somes of these bullish bets have been funced by premiums collectked by selling put options.
At the Same Time, There Has Been Renewed Interest in Buying Put Options at $ 80k Expiring This Month, Representing Preparations for Potential Price Declines. Buying A Put Option Is Akin to Purchasing Insurance Against Price Slides.
The Diverse Two-Way Flow Comes As the Vix, Wall Street’s Fear Gauge Measuring the 30-Day Implied Volatility, Still Remains Well Above Its
The VIX is Warning that the Macro Sity Still Unraveling Racher than Resolving, the Exchange Said on X.
X Icon
X Icon
X Icon
