Recently, the Crypto Assets market has shown a pump trend, with investors buying low. However, the latest statements from senior officials of the Fed may cast a shadow over this rebound.



Beth Hammack, the President of the Cleveland Federal Reserve Bank, recently made noteworthy comments regarding inflation and interest rates. In a media interview, she emphasized that inflation remains a significant challenge facing the current economy. Hammack pointed out that both the overall inflation rate and the core inflation rate have exceeded the 2% target level for four and a half consecutive years, which is concerning.

Despite some recent signs of weakness in the labor market, Harmark believes that the overall employment situation remains strong. She mentioned that the unemployment rate has consistently stayed below the low level of 5% this year. This view comes just as the U.S. Bureau of Labor Statistics is about to release the September employment data, with economists expecting that new job additions may reach 59,000, an increase from last month's 22,000.

Harmark's remarks suggest that the Fed may not cut interest rates as quickly as the market previously expected. If the Fed indeed slows down the pace of rate cuts, it could have a negative impact on the Crypto Assets market. Investors had originally hoped that rate cuts could stimulate demand for risk assets, including cryptocurrencies like Bitcoin.

At the same time, some changes are occurring within the Crypto Assets industry. According to reports, in terms of trading volume, Aster has surpassed Hyperliquid to become the largest permanent decentralized exchange (DEX). Additionally, the total market capitalization of stablecoins circulating in the market has approached $300 billion, demonstrating the ongoing expansion of the Crypto Assets ecosystem.

In the face of a complex and ever-changing macroeconomic environment and industry dynamics, crypto asset investors need to remain vigilant, closely monitoring the Fed's policy direction and its potential impact on the market. At the same time, they should also pay attention to the developments and changes within the industry to make wiser investment decisions.
BTC0.68%
ASTER-7.32%
HYPE-7.3%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
zkNoobvip
· 9h ago
When BTC hits the bottom, it's an opportunity.
View OriginalReply0
MissedAirdropAgainvip
· 12h ago
It just rose for two days and already started to sing its praises.
View OriginalReply0
ProbablyNothingvip
· 18h ago
You can't put all your eggs in one basket, Flower Sister.
View OriginalReply0
failed_dev_successful_apevip
· 18h ago
Who cares what the Fed says?
View OriginalReply0
MEVHunterLuckyvip
· 18h ago
Can Brother Tieling go all in and listen to me?
View OriginalReply0
SandwichTradervip
· 18h ago
It can still fall, retreat retreat.
View OriginalReply0
0xDreamChaservip
· 18h ago
Is everyone still Auto-Investing in BTC?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)