The Trader in Me is Nervous About Fed Rate Cut Talk. Here’s Why: Godbole
Like an athlete who has been on the juice too long, the U.S. economy could start seeing diminishing returns from rate cuts and fiscal spending — and more side effects.
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Jerome Powell
Like an athlete who has been on the juice too long, the U.S. economy could start seeing diminishing returns from rate cuts and fiscal spending — and more side effects.
Bitcoin price was little changed and traded just above $104,000 as policymakers expect stickier inflation and slower growth.
All eyes will now turn to Fed Chair Jerome Powell’s post-meeting press conference for further clues about the central bank’s thinking on monetary policy.
Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.
Gold continues to be the star of the cycle, jumping to a new record above $3,050 per ounce.
The U.S. central bank continues to expect the fed funds rate to end 2025 at 3.9%, or roughly two rate cuts by year-end.
A December rate cut from the U.S. central bank might not be as sure of a thing as previously thought.
Fed Chair Jerome Powell’s speech later today could shake up markets as he will face questions about the central bank’s outlook on monetary policy and inflation after Donald Trump’s decisive win of the U.S. presidential election.
Bitcoin price on 09 30 (CoinDesk)
Bitcoin is back to levels not seen in nearly two months as it pushed past the $65,000 mark during U.S. late morning hours on Thursday.