Reserve

Solana

Chair

Change

<ul>
 <li>The Federal Reserve has been sending mixed signals on a possible change in monetary policy.</li>
 <li>McGlone compared the present economic climate to prior rate increase cycles.</li>
</ul>
Since US stocks have turned around, Bloomberg analyst <a href="https://www.linkedin.com/in/mike-mcglone-a8442513" target="_blank" rel="noopener noreferrer nofollow">Mike McGlone</a> predicts that the Fed will soon reduce interest rates. At a critical juncture in the economic landscape after the pandemic, this prediction arrives as the <a href="https://thenewscrypto.com/custodia-bank-files-appeal-after-court-ruling-on-federal-reserve-account-access/" target="_blank" rel="noopener noreferrer nofollow">Federal Reserve</a> has been sending mixed signals on a possible change in monetary policy.
It seems like the central bank is about to switch gears from its aggressive rate-hiking strategy to a more accommodating one as inflation starts to fall and the job market starts to loosen.
Moreover, after a turn in US markets, according to Bloomberg analyst Mike McGlone, the Fed will lower interest rates. McGlone compared the present economic climate to prior rate increase cycles, mentioning, for example, that the Federal Reserve raised interest rates by 425 basis points (bps) between 2004 and 2006 and that the surprise index floor occurred in December 2006. Rates were first reduced in September 2007.
<h3 class="wp-block-heading" id="h-major-change-in-monetary-policy-likely">Major Change in Monetary Policy Likely</h3>
In light of the current situation, McGlone brought attention to the fact that the last 525 basis point increase in interest rates, which started in the first quarter of 2022, occurred in July 2023. But he did warn that high inflation might put off the Fed’s easing until overvalued stocks revert, which would be good news for gold prices.
Also, Federal Reserve officials have recently sent signals suggesting a major change in monetary policy, which is consistent with this forecast. Members of the Federal Reserve Board, notably Chair <a href="https://thenewscrypto.com/bitcoin-news-fed-chair-jerome-powell-hints-at-potential-interest-rate-hike/" target="_blank" rel="noopener noreferrer nofollow">Jerome Powell</a>, have voiced increasing confidence that they can manage inflation and are prepared to shift the Fed’s policy trajectory if needed. Crypto investors are eagerly awaiting for any positive move from the Fed’s, hoping to see a change in the ongoing bearish trend.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/solana-co-founder-criticizes-us-government-over-crypto-regulations/" target="_blank" rel="noopener noreferrer nofollow">Solana Co-Founder Criticizes US Government Over Crypto Regulations</a>

Fed Expected to Lower Interest Rates as per Bloomberg’s Mike McGlone

目录

TheNewsCrypto

发布于 2024年7月14日的其他文章

Mafia Tate (MAFTATE) Memecoin Buyer Generates Huge Return, But Holds for Another 22,000% Rally

Bitcoin Reclaims $60K Level: Here’s A List of Altcoins Making Noise

Michael Saylor Makes Epic Bitcoin Statement as BTC Price Hits $60,000

Shiba Inu Eyes Epic 40% Overnight Growth in Major Whale Metric

Bitcoin Holds Steady Near $60,000

Bitcoin’s price bottom – Is it in already or do traders need to wait more?

订阅我们免费的电子期刊，获取每日最新加密领域动态！