Fed Vice Chair Jefferson and Governor Bowman show there is no longer urgency to continue raising interest rates, while “Fed’s windbag” Nick Timiraos reports that officials may wait longer before acting — which has significantly reduced expectations for a rate hike in October.
Crypto market reaction
A more dovish trend pushed BTC above the 84,000 USD mark, as the lower probability of interest rate hikes helps ease pressure from the 10-year Treasury yield near 5.3%, providing short-term relief for risk assets.
Crypto market reaction
A more dovish trend pushed BTC above the 84,000 USD mark, as the lower probability of interest rate hikes helps ease pressure from the 10-year Treasury yield near 5.3%, providing short-term relief for risk assets.