In his latest video, DataDash breaks down the latest developments in the financial markets and the role of the Federal Reserve.

According to DataDash, recent economic data like inflation (CPI) and producer prices (PPI) have not matched the Fed’s forecasts.

• This suggests that inflation remains stubbornly high, and the Fed is struggling to keep it under control. DataDash notes that the Fed’s own projections for interest rate cuts have been revised, with most participants now expecting only one rate cut by September, instead of the two cuts they had anticipated just a month ago.

• This shift in the Fed’s policy outlook is concerning for DataDash. He believes it could put significant pressure on riskier assets, such as crypto. Additionally, more data suggest the economy could be headed for a potential downturn.

• DataDash also highlights the potential impact of the strong US dollar (DXY) on the cryptocurrency markets. Since Bitcoin tends to have a negative correlation with the dollar’s strength, a pullback in the DXY could lead to a prolonged rally in risky assets, including cryptocurrencies.

• In terms of his market analysis, DataDash remains cautious. He suggests that the crypto market may be in a period of consolidation, and points to mining stocks like Clean Spark and Marathon Digital Holdings as potential opportunities.

Overall, DataDash’s analysis highlights the complexities facing the markets and the Federal Reserve. With inflation remaining stubbornly high and the Fed’s policy outlook shifting, there are concerns about the potential stress on riskier assets