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One platform for global traditional assets
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📊 Market Overview: $BTC : $77406 $ETH : $2131.04 $BNB : $659.61 $SOL : $87.54 📈 Market Cap : Total : 2.67T DeFi : 91.47B 24hr Vol : 75.98B ⚡️ Sentiment : FGI : Fear (28) Open Interest : 55.9B 24h Liquidation : $179.7M #Crypto #BTC
On May 22, Federal Reserve Board member Waller said on Friday that, given the growing inflation risks, the Fed should not take further rate cuts as the default plan anymore. And earlier this January, Waller had also supported rate cuts. In his remarks, Waller said that as the Middle East conflict continues, rising costs for oil and other commodities are increasingly likely to trigger broader and more sustained inflation across the economy. He said, therefore, it is time for the Fed to stop signaling that the most likely next action is another rate cut. Waller said that in the foreseeable future, keeping interest rates in the current range of 3.5% to 3.75% is likely the right approach. He added, “If inflation can’t ease quickly, I can no longer rule out the possibility of future rate hikes.” Waller said