According to @MilkRoadMacro, recent analysis highlights three major events impacting trading: the complexities of current Fed liquidity, the passage of the 'Big Beautiful Bill' by the US House, and Jamie Dimon's public warning about US stagflation risks (source: Milk Road Macro Twitter, May 24, 2025). Traders should monitor how Fed liquidity shifts could affect crypto market volatility and USDT on-ramps. The new House bill may signal upcoming regulatory changes, potentially influencing institutional crypto flows. Jamie Dimon's stagflation warning points to possible macroeconomic headwinds, which could drive a risk-off sentiment in both equities and crypto markets. These developments are crucial for market participants seeking to adjust strategies in response to evolving US fiscal and monetary policy.

According to André Dragosch, PhD, a new paper highlights the dysfunction in the US Treasury market, emphasizing the necessity for the Federal Reserve to provide liquidity during such events, termed as the 'Trump-Fed Put'. This insight could influence trading strategies by anticipating Fed intervention in liquidity crises, thus impacting bond market pricing and volatility expectations.