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#PCE data released yesterday, remained stubbornly high, indicating that #Inflation is STILL an issue. THIS IS THE HINDERANCE to reducing #InterestRates in the US.
The #FOMC committee has a MANDATE which includes controlling price inflation.
@Trump is trying to ignore the mandate and remove FED independence, which cannot be a good thing as it will ultimately erode confidence in the US and will actually IRONICALLY drive interest rates higher - the opposite of Trumps intention - HENCE THE MARKET SELL OFF for #BTC & Altcoins yesterday