QCP: Fed Independence Under Scrutiny as Gold & Bitcoin Fuel Safe-Haven Demand

Market focus has shifted from potential interest rate cuts to concerns about the Federal Reserve’s independence, according to QCP Capital. Rising term premiums on long-term U.S. Treasurys indicate a weakening dollar, prompting investors towards alternative assets. Gold and Bitcoin are capitalizing on this shift as safe havens amidst inflationary pressures and governance uncertainties. 2025 rate cuts remain anticipated by markets despite potential economic risks such as tariffs, which could further exacerbate inflation and increase demand for hedging instruments like gold and Bitcoin.