Federal Reserve

The head of the Federal Reserve Bank of Richmond, Thomas Barkin, believes that further rate hikes by the Fed may be necessary to reduce inflation. In his assessment, price growth in the U.S. is not yet showing a sustainable slowdown. Barkin advocates for gradual policy changes based on incoming economic data.

Senior Economist at BMO Capital Markets Jennifer Lee believes that the decline in AI company stocks could cool down data center construction and assist the Fed in combating inflation. This creates two opposing effects for cryptocurrencies.

Bitcoin has risen above $80,000 as fund flows improve. Expectations surrounding the Fed's decision and geopolitical instability continue to impact market conditions.

Ben Emons believes that markets underestimate the likelihood of a Fed rate hike at the meeting in October 2023.

Veronica Clark noted that the U.S. Fed is becoming 'increasingly divided' on the issue of rate hikes, while the labor market is 'more stable' than expected.

Goldman Sachs adjusted its forecast for the second Fed rate hike from October to December amid declining core PCE inflation.

ARK Invest CEO believes that stock markets can grow even with 10-year bonds above 5%. The current economy.

Bitcoin lost ETF support, with an outflow of $463 million. Important Fed decisions are expected.

Flows on Binance increased to 31,800 transactions amid the anticipated Fed decision.