Fed officials are signaling that inflation pressures run deeper than just tariffs. Bostic's take? Cost pressures aren't a one-factor story.

Think about it—yes, tariffs add friction to supply chains and boost import costs. That's real. But the bigger picture includes wage pressures, energy costs, logistics, and supply-chain inefficiencies that existed long before the tariff debate heated up.

For crypto traders watching macro trends, this matters. When the Fed signals that inflation is multifaceted rather than temporary tariff-driven, it shapes rate expectations. Markets have been pricing in potential rate cuts or holds based on tariff concerns alone. If cost pressures are stickier and broader, that changes the playbook.

Commodity prices, labor market tightness, and demand-side factors all play roles. Some sectors are feeling it worse than others. Real estate, energy, and goods manufacturing are experiencing genuine capacity constraints.

The takeaway? Expect the Fed to remain cautious. If inflation proves more structural than cyclical, policy stays restrictive longer. For Bitcoin and altcoins, that translates to higher real rates and stronger dollar dynamics—both historically bearish headwinds. Conversely, if the Fed's analysis confirms broad-based inflation (not just tariffs), it could validate some hedging demand for hard assets.

Keep an eye on Q1 inflation data and Fed speaker commentary. The narrative is shifting from "tariffs are temporary" to "multiple pressures need monitoring." That's the kind of macro shift that moves markets.