early Tuesday, suggesting that the world's most powerful central bank should prioritize banking sector stability over inflation and keep interest rates unchanged on Wednesday.Silicon Valley Bank on March 10. Since then, Bitcoin has rallied over 40%, partly due to hopes that bank failure will force the Federal Reserve to abandon its rate hike cycle that rocked risk assets last year. The central bank has raised rates by 450 basis points since March 2022.
On Sunday, Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen said that the U.S. financial system remains resilient and the capital and liquidity positions of the banking system are strong. According to Michael Englund, principal director and chief economist at Action Economics LLC, the Fed will follow ECB's lead.
federalreserve ecb godbole17 Virtually no-one is positioned for a pause.
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federalreserve ecb godbole17 Crypto = socialism = scam = 💸💸💸
federalreserve ecb godbole17 All is good for crypto, if they hike markets gets fucked more = good for crypto! If they pause = good for crypto! It’s crypto time!