The Federal Reserve "Civil War" Escalates! On December 10th, news broke that there are the largest disagreements within the Fed in recent years, making it difficult for Powell to coordinate. The market expects the Fed to cut interest rates by another 25 basis points tonight, but Powell is highly likely to avoid signaling further rate cuts in January next year to appease hawks. $SOL $BNB $ETH
According to US bank analysts, Powell might suggest that employment data is significantly weakening before cutting rates again, or emphasize that the benchmark interest rate is already near neutral. The current situation is complex: 5 officials support a rate cut, 3 hold an unclear stance, and 2 support holding steady. Amid this chaos, the crypto market is also full of uncertainties. We are closely monitoring the follow-up developments to see how Powell will break the deadlock and what impact it will have on the crypto market!
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The Federal Reserve "Civil War" Escalates! On December 10th, news broke that there are the largest disagreements within the Fed in recent years, making it difficult for Powell to coordinate. The market expects the Fed to cut interest rates by another 25 basis points tonight, but Powell is highly likely to avoid signaling further rate cuts in January next year to appease hawks. $SOL $BNB $ETH
According to US bank analysts, Powell might suggest that employment data is significantly weakening before cutting rates again, or emphasize that the benchmark interest rate is already near neutral. The current situation is complex: 5 officials support a rate cut, 3 hold an unclear stance, and 2 support holding steady. Amid this chaos, the crypto market is also full of uncertainties. We are closely monitoring the follow-up developments to see how Powell will break the deadlock and what impact it will have on the crypto market!