After years of near-zero Fed policy rates, the U.S. central bank in early 2022 embarked on a long series of rate hikes, eventually taking its fed funds rate up to the 5.25%-5.50% range in 2023. Since, it’s been a waiting game, with the Fed wanting to see crystal clear signs that inflation was meaningfully slowing to its 2% target before moving to begin trimming rates. That day surely has now arrived.
Related posts
-
Bitcoin Slides Below $58K as Market Plunge Wipes Out $178M
After lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday... -
Bitcoin Price (BTC) Falls to $58.2K; Solana Tumbles 9%
Headlining the data next week will be the Friday Sept. 6 Nonfarm Payrolls Report for August.... -
Here’s why Bitcoin price dropped in August
Bitcoin price is on track for a monthly decline even as major stock indices like the...