Fed, interest rates
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The Federal Reserve is nearing an interest rate decision at its January meeting. Jerome Powell is under growing pressure amid a DOJ investigation.
Crypto traders are currently predicting that the Federal Reserve will not lower interest rates until the June FOMC meeting. This comes as crypto market participants price in the likelihood that the Fed will hold rates steady at tomorrow’s FOMC meeting,
Jan 22 - Morgan Stanley expects the Bank of England to deliver its next interest rate cut in March, scrapping its forecast for a 25-basis-point February cut, after data showed British inflation rose more than expected in December.