2025 rate cut reductions by the Federal Reserve, as indicated in the recently disclosed FOMC minutes, appear to be decelerating.
According to the Fed minutes, the team forecasted that the economic conditions would stay robust at their most recent gathering.
Moreover, it highlighted some doubts about future adjustments in regulations and additional elements like potential trade conflicts. The extent to which these policies may influence inflation is still unclear.
The inflation forecast for the previous year ended up being slightly higher.
2024 data suggests that the decrease in core inflation was less than anticipated, as indicated by the recently disclosed meeting notes.
Fed officials believe that inflation may gradually approach the desired 2% level. Yet, reaching this goal might take more time than originally expected.
The minutes indicate that the American economy continues to be strong, as unemployment rates stay comparatively low.
According to U.Today’s report, the Federal Reserve enacted a cautiously tightening 0.25% interest rate reduction in December. This move by the Fed suggested they might slow down their accommodative policies starting from 2025, which negatively impacted riskier assets like Bitcoin.
Following its return to levels over $100,000, the cost of Bitcoin experienced a substantial drop on Tuesday as crucial U.S. economic data suggested that inflation could remain high.
Bitcoin is currently changing hands at $94,129, according to CoinGecko data.
Based on my analysis, following Mike McGlone’s perspective as shared by U.Today, I find Bitcoin standing out as a significant marker for risk assets, given its strong correlation with stock market performance.
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2025-01-08 23:13