🏦 JACKSON HOLE TL;DR
Fed Chair Kevin Warsh delivered a more hawkish message than markets were hoping for.
📈 Economy still strong
🔥 Inflation still too high
✂️ No rush to cut rates
⬆️ Rate hikes remain on the table
🤖 AI/productivity could boost long-term growth
For markets, that means higher-for-longer rates remain a risk — generally a headwind for stocks,
$BTC and crypto.
The good news? Crypto entered Jackson Hole with strong momentum and billions flowing into spot Bitcoin ETFs.
Short term: 🟠 Cautious
Long term: 🟢 Still bullish
Now the inflation and jobs data matter more than ever. 👀