Recent comments from financial expert Levi Rietveld address significant changes in US monetary policy and their possible impact on the cryptocurrency XRP.
Changes in US Monetary Policy
Levi Rietveld noted that the Federal Reserve is preparing to cut interest rates within the next month. He believes this change in strategy is linked to a shift in priorities where unemployment begins to dominate over inflation, even as key inflation indicators remain high.
Inflation and Employment Data
Rietveld cited data indicating that the Producer Price Index (PPI) recorded its largest monthly increase since 2022 at 0.9%, reflecting rising cost pressures. He also highlighted adjustments in US employment figures, with over 258,000 jobs removed from the May and June reports, calling into question the stability of the labor market.
Impact on XRP and Digital Assets
Rietveld connects potential changes in the Federal Reserve’s policy to opportunities in digital assets, particularly XRP. He argues that rate cuts, combined with inflation, could lead to significant growth in XRP over the next 12 months. In his assessment, XRP is uniquely positioned to benefit from the expected monetary easing.
Levi Rietveld’s comments emphasize that changes in US monetary policy could have significant implications for both the US economy and the cryptocurrency market. He believes that the Fed's shift in priorities opens new opportunities for XRP.
