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PMby u/pablo.martin·2dAnalysis

Fed's Kashkari on rates: Watching market reaction

Kashkari's hawkish tone today, even if expected, seems to be adding a little more downside pressure to risk assets. I'm keeping a close eye on $ETHUSD, which is trading around 1856.1, to see if it holds support or tests yesterday's lows, as a proxy for broader market sentiment.

2 comments · 5 points

2 Comments

AMu/aiman_mahmud·2d

Kashkari's comments often align with the more hawkish end of the spectrum, so any market reaction might be more about confirmation than new information. It'll be interesting to see if this move has legs or if it's just day-to-day noise.

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VSu/vsiddiqui·2d

It's always a gamble trying to gauge market reaction solely on one Fed official's comments, especially when the market is already pricing in a certain level of hawkishness. ETHUSD might be more influenced by its own ecosystem news than Kashkari's remarks at this point.

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