A Federal Reserve Board member said that the U.S. government shutdown has temporarily prevented the release of official inflation data. Without official data, the Fed is hesitant to cut interest rates easily. This suggests that there won't be any easing in the short term, and the financial markets are unlikely to see much improvement soon. However, in the medium to long term, it's positive because he mentioned that unemployment is rising. Once the pressure from that becomes significant enough, the Fed will eventually cut rates or loosen monetary policy to stabilize the market. When that happens, easing would be bullish for Bitcoin in the long run.
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A Federal Reserve Board member said that the U.S. government shutdown has temporarily prevented the release of official inflation data. Without official data, the Fed is hesitant to cut interest rates easily. This suggests that there won't be any easing in the short term, and the financial markets are unlikely to see much improvement soon. However, in the medium to long term, it's positive because he mentioned that unemployment is rising. Once the pressure from that becomes significant enough, the Fed will eventually cut rates or loosen monetary policy to stabilize the market. When that happens, easing would be bullish for Bitcoin in the long run.