Investors Pull Back Rate Cut Bets After Powell’s Press Conference
According to a report by Jinse Finance, following the Federal Reserve's decision and Jerome Powell's press conference, investors have slightly reduced their bets on interest rate cuts. The CME FedWatch Tool shows that the futures market now sees a 42% probability of one or fewer rate cuts by the end of the year, up from 35% on Tuesday. The implied probability of two or more rate cuts has decreased.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
"1011 Insider Whale" closed a 5x short position of 5,000 ETH, earning approximately $55,000 in profit.
ETH ICO address transfers nearly $120 million worth of ETH to a new wallet after 10 years
Trending news
MoreCrypto prices
More
