Ethereum Surges Past $4,300 as Markets Await Pivotal CPI Data
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Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Monday’s edition is last week’s wrap-up and this week’s forecast, brought to you by Paul Kim. Grab a green tea and watch this space. With the US employment situation deteriorating dramatically, the conflict between the Trump administration and the Fed over interest rate cuts is intensifying. The outlook for interest rates over the next three months is fluctuating daily with the inflation and employment indicators’ releases. The market is showing signs of extreme sensitivity. US Stagflation Fears Triggered Last week’s volatility in the cryptocurrency market began with the release of the ISM Services PMI on Tuesday. The index signaled a slowdown in the US services sector. Additionally, it reported that prices in the services sector have risen and employment has declined since April, when Trump’s “tariff war” began. The situation where prices are rising while employment is declining is stagflation, one of the most difficult economic crises to deal with, because it prevents central banks from either lowering or raising interest rates. Concerns are growing in the market that the Trump administration’s tariff policy is pushing the US into stagflation. At the same time, the probability of three interest rate cuts this year has been reduced to two. Last week, prices of most risk assets sensitive to market liquidity, including cryptocurrencies, fluctuated in line with the ever-changing interest rate outlook. When the probability of a rate cut was two times within the year, prices fell, and when it changed to three times, prices rose repeatedly. The news that marked the end of the week was that Stephen Miran, chair of the White House Council of Economic Advisers, was appointed to fill the vacant position of Fed Governor Adriana Kugler. Miran is…
Filed under: News - @ August 11, 2025 1:26 am