Federal Reserve: Crypto Reacts to Fed's Crucial Market Comments

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Fed officials have delivered key remarks with implications for crypto market

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

While Waller thinks rate cuts might be near, he highlighted that he will closely monitor the data in the meantime. Waller’s sentiments suggest the unlikelihood of a rate cut when the Federal Open Market Committee meets later this month, but a higher likelihood of one in September.Waller outlined three potential scenarios for the coming days: one in which inflation data becomes even more positive, justifying a rate cut in"the not too distant future"; a second in which the data fluctuates but still points to moderation; and a third in which inflation rises and forces the Fed to tighten policy.

A rate cut in July is currently considered highly unlikely, but traders are increasingly banking on the Federal Reserve cutting interest rates in September. There is presently less than a 5% likelihood that the Fed's target range for the federal funds rate, its key rate, will be reduced in July; but, the odds of a September cut are currently greater than 90%.At the time of writing, Bitcoin was slightly down 0.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 295. in RU

Россия Последние новости, Россия Последние новости