Acting Labor Secretary Sandlin’s push for earlier Fed cuts clashes with a cautious central bank, leaving crypto trading a “higher for longer” regime even as the political drumbeat for easing grows louder.
Summary
- ECB Governing Council member Joachim Nagel says the central bank is “highly vigilant” about rising inflation risks from the Iran war and will act if energy costs start feeding into broader prices.
- The comments come as eurozone inflation has already ticked back up to around 3% year-on-year on the back of a double‑digit jump in energy prices, complicating any case for rapid rate cuts.
- For crypto, a more hawkish or delayed‑easing ECB in response to…
