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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-as-federal-reserve-member-raises-inflation-concerns/" data-wpel-link="internal">Bitcoin Price Surges as Federal Reserve Member Raises Inflation Concerns</a> 
The price of Bitcoin has risen above $89,000, aiming for $90,000 at the time of writing. However, comments from a Federal Reserve member have created confusion. Is Kashkari hinting at knowledge regarding tomorrow’s inflation data? 
<h2 style="text-align: justify" id="fed-interest-rate-reductions">Fed Interest Rate Reductions</h2> 
During an ongoing speech, Fed member Kashkari indicated that if inflation surprises with a rise, there may be a pause in rate cuts in December. Today, according to the FedWatch tool, a 25 basis point cut was expected at the Fed’s meeting in 36 days. The upcoming inflation data is anticipated to show an increase to 2.6%, up from the previous 2.4%, while core inflation is expected to remain unchanged at 3.3% from the previous month. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-406105 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/BTCUSDT_2024-11-12_22-23-24.png" alt="" width="1815" height="836"> 
If the discussion around pausing rate cuts arises based on the inflation data, could Kashkari be preparing the markets for something? We will receive answers in a few hours. Key points from ongoing comments include: 
<blockquote> 
 “The Fed will not model the effects of Trump policies on the economy until they are clear. A one-time increase in tariff prices is not inherently inflationary. I do not want to declare victory on inflation, but I have good reason for confidence. Given the dynamics in the housing sector, it may take one or two years for inflation to drop to 2%. The strong labor market is encouraging, and the economy appears strong. If inflation surprises to the upside before December, this could lead us to pause. In a higher production environment, the neutral rate is higher, meaning less room for the Fed to cut rates. We are modestly restrictive.” 
</blockquote> 
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Bitcoin Price Surges as Federal Reserve Member Raises Inflation Concerns

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