Fed Goolsbee: Worry PPI and CPI Inflation Data
Federal Reserve President Austan Goolsbee dey worry for the latest US inflation figures. Him talk say monthly Producer Price Index (PPI), Consumer Price Index (CPI), and import price movements fit look volatile. Goolsbee warn make people no overreact to just one month data, but e still talk say PPI and CPI readings suppose dey monitored well well. Traders suppose dey watch steady inflation signals as the Fed dey check their monetary policy. Di thing wey e talk mean say inflation risks still dey the Fed mind and fit affect future interest rate decisions.
Bearish
Goolsbee warning bout PPI and CPI wey dey rise show say Federal Reserve still dey watch inflation well well. People wey dey market sabi say when dem dey talk hawkish, e mean say rate cut fit delay or rate fit stay high for long time. Similar wahala for inflation before don cause short-term sell-off for risk assets like cryptocurrency as traders dey adjust wetin dem expect from monetary policy. For short term, crypto market fit feel pressure as people no too wan risk assets like before. For long term, if inflation palava still dey, e fit make Fed hold high rates, wey fit slow growth and investment for crypto, and e go make market outlook bad.