Fed Comments Spark Rate Cut Speculation, Impacting Cryptocurrency Markets

Federal Reserve Chair Jerome Powell’s recent remarks have ignited speculation about potential interest rate cuts as early as June. This uncertainty has triggered volatility in both traditional and cryptocurrency markets. Fed Governor Patrick Harker emphasized conditional language, stating that action would be taken only if clear and convincing economic data is available before June. This cautious tone has fueled market apprehension, impacting sectors sensitive to interest rate changes like stocks and cryptocurrencies. [Read the full article on coincu.com here: ]