Pseudonymous cryptocurrency trader Kevin recently shared his thoughts on the upcoming Federal Open Market Committee (FOMC) meeting, predicting it could have a sizeable impact on the cryptocurrency market.
Recent inflation surprises have left the Federal Reserve without sufficient confidence to consider interest rate reductions, prompting a scenario of higher-for-longer interest rates. That’s the insight coming from Bank of America’s U.S. economist Michael Gapen ahead of this week’s Federal Open Market Committee meeting and interest rate decision, due at 2 p.m. ET Wednesday. With no immediate changes in interest rates anticipated, the focus shifts to the Fed’s future policy actions, particularly r