BlockBeats news, on February 14th, Grayscale's research director Zach Pandl said in an interview, "Fed rate cut is temporarily impossible." He pointed out that this is not conducive to risk assets such as BTC in the short term, as the market is further digesting the expectation of the Fed's postponement of rate cuts. Pandl believes that the January CPI data exceeded expectations (pump 3% year-on-year), and core inflation also rose to 3.3%, indicating that inflation remains stubborn. Pandl also warned that if inflation continues to exceed expectations, the Fed may even reconsider raising interest rates, which will have a greater impact on market sentiment.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Grayscale Research Director: No Short-Term Hope for Fed Rate Cuts, BTC Under Pressure
BlockBeats news, on February 14th, Grayscale's research director Zach Pandl said in an interview, "Fed rate cut is temporarily impossible." He pointed out that this is not conducive to risk assets such as BTC in the short term, as the market is further digesting the expectation of the Fed's postponement of rate cuts. Pandl believes that the January CPI data exceeded expectations (pump 3% year-on-year), and core inflation also rose to 3.3%, indicating that inflation remains stubborn. Pandl also warned that if inflation continues to exceed expectations, the Fed may even reconsider raising interest rates, which will have a greater impact on market sentiment.