Federal Reserve officials, led by Chairman Jerome Powell, have cautioned for a careful consideration of rate cuts amid high inflation and jobs data.
Despite growing institutional interest in Bitcoin, uncertainties surrounding interest rates impact its price, with recent comments from Powell leading to downward pressure.
Federal Reserve officials, led by Chairman Jerome Powell, emphasized on Wednesday, April 3, the necessity for further deliberation before enacting any interest rate reductions. Although there has been speculation among financial analysts about potential rate cuts by June 2024, uncertainty still surrounds this timeline. Consequently, assets perceived as riskier, such as Bitcoin and equities, might undergo prolonged consolidation before witnessing significant upward momentum.
Addressing the Stanford Graduate School of Business, Powell remarked, “Recent data on job gains and inflation have exceeded expectations.” While policymakers generally concur that rates could dec

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