Deep Tide TechFlow news, on December 19, 10x Research released a market update, stating that not every decline is a buying opportunity.
The content points out that while Federal Reserve Chairman Powell's tone is expected to be slightly hawkish, the median updated interest rate forecast from the Federal Reserve has shocked the market, as it not only predicts rate hikes in 2025 but also in 2026 and 2027. Powell indicated that it may take 1-2 years to return to the 2% inflation target, further reinforcing hawkish sentiment. The estimates for the next few years are shocking, suggesting that interest rates may remain high for an extended period.
Stocks fell 3%, and Bitcoin dropped 4%. Retail trading activity remains sluggish, causing altcoins to suffer greater impacts, with many altcoins plummeting by 10% or more. While the effects of Trump's policies are still speculative, weak demand from European economies and China may dampen global growth (and inflation). Meanwhile, a stronger dollar could put pressure on corporate earnings for U.S. companies.
