Soft Inflation Data Could Push Fed to Cut Rates, but Gloomy Macro Picture Persists: Analysts 🔎🔎

In a recent @TheBlock__ article, Michael Marshall, Head of Research at Amberdata, said the macro backdrop for crypto remained seemingly bearish for the long term based on traditional financial agitation. “The Treasury market’s recent weakness is flashing a recessionary signal, and Trump’s 90-day tariff pause isn’t as effective as markets assume, given that tariffs on China remain high and are even rising,” Marshall commented.

Washington bumped import duties on Beijing goods to 145%, forcing China to respond with a 125% hike on Friday. Marshall expects this wrestling match to brood over cryptocurrencies, but @mdomcahill presents an alternative outcome.

Read the full article.
https://t.co/yM3xObvQUA