📈Ithaca Protocol Market Update

► Powell puts the brakes on talk for rate cuts as per Trump appointees (but remains open for tariffs less inflationary than expected)

► Trump and Vance unload on Powell and his ‘political’ Sep24 50bp cut

► Ceasefire holding, risk premium and crypto weakness should erode further

► Crypto weakness? Tell Circle, after briefly catching up with Coinbase, maybe next target Citi?