US President Trump said that they inherited a bad situation from the Biden administration, that the worst inflation in the country’s history was experienced, that inflation is now under control, and that the results of economic policies will be seen within 6 months to 1 year.
Fed hawks Austan Goolsbee and Jeffrey Schmid emphasized that inflation is still above the target and that it is necessary to remain cautious about further rate cuts for some time.
At the time of writing, Bitcoin (BTC) is trading at 89,675 dollars, while Ethereum (ETH) is trading at 3,131 dollars.
The Fear and Greed Index stands at 24, indicating a fear level.
Important developments to watch during the day:
