Confounding US economic, inflation data muddy Fed’s rate path on Nostr: US Federal Reserve Maintains Interest Rates Amid Dwindling Hopes of Summer Rate Cuts ...
US Federal Reserve Maintains Interest Rates Amid Dwindling Hopes of Summer Rate Cuts
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#2140b79c ver:0.21
The US Federal Reserve is expected to maintain interest rates amid concerns about inflation and the strength of the labor market. Rate cuts that were previously anticipated for early 2024 are now on hold until at least September, causing market instability for cryptocurrencies. The Fed's decision is unlikely to slow the expansion of the cryptocurrency market. The recent GDP report highlights the underlying strength of the US economy, and the Fed will prioritize inflation control before initiating rate cuts. Jerome Powell's upcoming comments will be closely analyzed for clues about the Fed's rate path....
#newstr #FederalReserve #JeromePowell #UsEconomy #Inflation #Bitcoin #InterestRates #RateCuts
https://here.news/story/2140b79c?ver=0.21
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#2140b79c ver:0.21
The US Federal Reserve is expected to maintain interest rates amid concerns about inflation and the strength of the labor market. Rate cuts that were previously anticipated for early 2024 are now on hold until at least September, causing market instability for cryptocurrencies. The Fed's decision is unlikely to slow the expansion of the cryptocurrency market. The recent GDP report highlights the underlying strength of the US economy, and the Fed will prioritize inflation control before initiating rate cuts. Jerome Powell's upcoming comments will be closely analyzed for clues about the Fed's rate path....
#newstr #FederalReserve #JeromePowell #UsEconomy #Inflation #Bitcoin #InterestRates #RateCuts
https://here.news/story/2140b79c?ver=0.21