Slower bull market ahead? September Fed rate cut chance falls to 40%
Federal Reserve Chair Jerome Powell’s comments dampened hopes for a September rate cut, which could lead to a slower crypto bull run, one analyst speculates.
Investors revised down expectations for a rate cut in September after Federal Reserve Chair Jerome Powell’s non-committal responses to one during a press conference on Wednesday.
One crypto analyst suggests it could lead to a slower-paced crypto bull run.
The United States central bank decided to maintain interest rates at 4.25% to 4.5%, based on uncertainty about the economic outlook, which it said “remains elevated.”
