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The odds that the Federal Reserve will cut its benchmark interest rate on March 18 have dropped to near zero … Continue reading
The post March Fed rate cut odds collapse to near zero as recession fears fade appeared first on Finbold.
The selloff in stocks and cryptocurrencies could mean Donald Trump’s inauguration will less likely be a sell the news event, K33 Research said.
Bitcoin fell to $85,000, as CPI data came in hotter month-over-month as odds of a Fed pause increase at next policy meeting in December.
U.S. inflation data for September was released Thursday morning (Frank van Hulst/Unsplash)
A hotter-than-expected U.S. inflation report would weaken the case for Fed rate cuts.
Prior to this report, the Fed was widely expected to trim its benchmark lending rate by 25 basis points at its policy meeting next week.
The U.S. CPI for July was released on Wednesday (Maria Lin Kim/Unsplash)
Crypto markets lack a clear anchor and are susceptible to continued position adjustments based on traditional finance markets, one analyst said.
The government inflation report for June was released Thursday morning (Maria Lin Kim/Unsplash)
Stubbornly high inflation readings in the past months curbed rate cut expectations weighing on asset prices.