Fed Holds Firm on Rates Amid Banking Jitters: Bitcoin's New Bull Run on the Horizon?
bitcoinglobalmacro.substack.com
The U.S. Federal Reserve maintained interest rates between 5.25% and 5.5% yesterday, aligning with the widespread market predictions. During his speech, Fed Chair, Jerome Powell, also managed to reduce market expectations of any rate cuts to happen in March. Markets now estimate the probability of rate cuts to be communicated at the Fed’s meeting in March at just 35.5%, down from 48% just a week ago.
Fed Holds Firm on Rates Amid Banking Jitters: Bitcoin's New Bull Run on the Horizon?
Fed Holds Firm on Rates Amid Banking Jitters…
Fed Holds Firm on Rates Amid Banking Jitters: Bitcoin's New Bull Run on the Horizon?
The U.S. Federal Reserve maintained interest rates between 5.25% and 5.5% yesterday, aligning with the widespread market predictions. During his speech, Fed Chair, Jerome Powell, also managed to reduce market expectations of any rate cuts to happen in March. Markets now estimate the probability of rate cuts to be communicated at the Fed’s meeting in March at just 35.5%, down from 48% just a week ago.