Expectations Soften for September or November Fed Rate Hike, July Still Firmly Anticipated
The Federal Reserve continues to be expected to raise the benchmark interest rate by a quarter of a percentage point, according to forecasts by fed-funds futures traders. The current projections predict an increase from the current rate to a new range of 5.25% to 5.5%. This increase is anticipated to occur within the month. Despite […]
“Discover the Top Analyst’s Insights on Why July Holds the Key to Success!”
As the United States braces itself for a potential recession in July, based on Bloomberg Economics’ model forecasts, the future of Bitcoin and other cryptocurrencies remains uncertain. Senior macro expert Mike McGlone from Bloomberg Intelligence points out that the emergence of a recession could be the biggest challenge faced by Bitcoin since its arrival in […]