Crypto and Stock Markets Have Declined, Have They Topped?
In the last 24 hours, US stocks and crypto have seen a significant decline. This is due to the Fed's policy indicating that they will not rush to cut interest rates in the future because inflation is still far from the target of 2%. However, looking at various economic data, it seems that the Fed's decision to continue pursuing this target looks quite difficult. This is because the economic slowdown in the US has begun to appear, which should make the Fed in a dilemma with all the existing conditions. Coupled with the Fed having to deal with the impact of fiscal policy under President-elect Donald Trump, who has indicated plans for tariffs, tax cuts, and mass deportations, all of which could be inflationary and complicate the central bank's work. BTC has experienced a fairly deep correction and has made investors and traders panic selling because they see projections from the central bank indicating that it is still in the phase of tightening its policies. If the Fed's policy continues, it is not impossible that further declines will occur in the near future for the crypto and stock markets
