Fed Governor Says Rate Cuts Unlikely This Year, Crypto Crash To Worsen?
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The Federal Reserve continues maintaining a hawkish stance on interest rate cuts as Fed Governor Michelle Bowman stated that it's unlikely to see rate cuts before 2025.
Federal Reserve Governor Michelle W. Bowman declared that it is premature to consider cutting interest rates in 2024. This announcement comes at a time of heightened sensitivity in both traditional and crypto markets. Moreover, the situation has intensified as key economic data releases are anticipated later this week.
In a recent statement, Governor Bowman underscored that while there has been modest progress in controlling U.S. inflation, it remains elevated and subject to various upside risks. This perspective aligns with the Federal Reserve’s cautious approach to monetary policy...
