The Federal Reserve’s next meeting could have strong implications for Bitcoin’s price trajectory.
Asset management giant BlackRock expects the Federal Reserve to keep its policy interest rate flat at its next Federal Open Markets Committee meeting on Wednesday.
However, Watson also expects the Fed’s target rate to remain elevated until mid-2024 before a series of modest cuts bring it down 1% from its current level by the end of next year. Since March 2022, the Fed has steadily raised rates to combat record-high inflation in the United States, hammering both stock and crypto prices in the process. Though many expected its hawkish rate hiking regime to dismantle the global economy, its consequences have largely been contained aside from a short series of“For the moment, I think the economic data has consistently surprised to the upside,” said Watson. That includes GDP, the unemployment rate, and the labor market.
Siegel added that equities may hold “firm” for the remainder of 2023 thanks to the strength of real economic data. Bitcoin has historically correlated with equities – particularly in the context of central bank activity.“I think the market may begin to sniff an end to the tightening cycle and could lift on that sentiment,” the analyst told CryptoPotato via DM. “Recession risks remain elevated into the first half of next year, however.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Feds award $1 billion to plant trees, combat extreme heat, including $100 million for CaliforniaLos Angeles, Sacramento, San Diego and other California communities will get $103 million in federal funding for tree planting and other green space efforts.
Weiterlesen »
FIRST READING: First Nations getting tough on crime where feds won'tIndigenous communities are meeting a spike in crime with increased policing and harsh crackdowns on drug dealers
Weiterlesen »
White House: Can't Predict if Iran Prisoner Swap Will Incentivize Further Hostage-TakingOn Monday's broadcast of 'CNN News Central,' White House National Security Council Coordinator for Strategic Communications John Kirby responded to a | Clips
Weiterlesen »
N.J. man made kids perform sex acts and recorded it, feds sayDetectives discovered multiple child porn videos on the man's desktop computer after a search of his home, officials said.
Weiterlesen »
Markers can predict how children will tolerate sweetened medicineA multidisciplinary research group specializing in pediatrics, genetics, and psychophysics has identified wide variation in the sensory perception of a pediatric formulation of ibuprofen -- some that were tied to genetic ancestry, and some that were not. These findings indicate that a range of factors come into play in determining how a medicine tastes to an individual.
Weiterlesen »
DeepMind AI can predict if DNA mutations are likely to be harmfulBy working out which small mutations will probably be damaging, DeepMind’s AlphaMissense system could help doctors identify the cause of genetic diseases
Weiterlesen »