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Bitcoin, XRP tanks after Fed's Goolsbee said he is 'nervous' about inflation
The crypto market saw a sharp correction on Nov. 3 after Federal Reserve official Austan Goolsbee said his threshold for cutting in December is higher than at previous meetings, dampening investor hopes for another round of monetary easing. “I’m not decided going into the December meeting,” Goolsbee said Monday in an interview with Yahoo Finance. “I am nervous about the inflation side of the ledger, where you’ve seen inflation above the target for four and a half years, and it’s trending the wrong way.” Goolsbee indicated that the threshold for cutting rates is now higher than at the previous two Fed ... (full story)
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