On May 21st, 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 pointed out that the impact of tariffs on inflation could 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 uncertainties in the government bond market could delay policy normalization.
Bitunix analyst recommends: Current Fed officials are generally sending a "dovish with hawkish undertones" 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.
