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📰 【Federal Reserve Board Member Milan: I believe rate cuts are appropriate】
BlockBeats reports that on May 8, Federal Reserve Board Member Milan said he believes rate cuts are appropriate. The Federal Reserve’s policies have suppressed the job market. (Jin10)
So what? The expectation of rate cuts hasn’t even kicked up so much as a ripple in the on-chain derivatives market. These Federal Reserve politicians put on several rounds of “dovish” performances every year, but once the data comes out, it’s all just a mathematical game of the optimal path. They only care about inflation, but they don’t care whether liquidity in the crypto space lives or dies. Don’t follow emotions—keep your eyes on actual on-chain trading volume and liquidation data. That’s what matters. 👇👇👇👇👇