On May 21, St. Louis Fed Chair Mussalem stated that tariff policies could still drag down the economy and weaken the labor market even after recent easing. He noted that the impact of tariffs on inflation might be temporary or more persistent, and emphasized that the Federal Reserve needs to adjust its policy to maintain price stability based on the situation. Atlanta Fed Chair Bostic expressed satisfaction with the current policy stance but mentioned that uncertainty in the government bond market could still delay policy normalization.
Bitunix analysts suggest:
Currently, Fed officials are generally sending a "hawkish-dovish" signal, indicating that while there is room to relax policies, they remain highly focused on inflation expectations and external risks. Bitcoin has broken out of its range-bound oscillation, with short-term pressure only existing at the historical high of $110,000. Closely monitor subsequent statements from Fed officials and inflation and employment data to adjust allocation strategies opportunistically. If policies become more dovish and the US dollar weakens, the crypto market may see a new round of capital inflows.
