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2min chapter
MARKETS DAILY: Crypto Update | What Cooling Inflation Means for the Crypto Market
CoinDesk Podcast Network
Analysis of Market Reaction to Powell's Remarks on Inflation and Labor Market
The chapter explores how the market, including the crypto market, reacted positively to Powell's cautious comments on inflation and labor market cooling. It discusses the interpretation of his words as a signal for a potential rate cut and stresses the need to observe data trends in the upcoming months for a conclusive decision.
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