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<ul class="news-points wp-block-list">
 <li>Market expectations for a November Fed rate cut increased to 83.7% from 67.9%.</li>
 <li>Key economic data in the form of CPI and PPI will shape market sentiment this week.</li>
 <li>Crypto markets face selling pressures despite optimism in equities.</li>
</ul>
At the Federal Reserve meeting on October 9, 2024, officials expressed a <a href="https://t.me/QCPbroadcast/1338" target="_blank" rel="noopener noreferrer nofollow">cautious stance</a> on inflation, suggesting that the central bank may not be confident in its ability to combat rising prices. This has led investors to anticipate a smaller interest rate cut of 25 bps in November, with the probability increasing from last week’s 67.9% to 83.7%.
The latest Fed minutes show a less optimistic outlook on inflation as the central bank’s fight against inflation continues. The strong payroll data from last Friday also fueled speculation of a rate cut. The probability of a cut has increased significantly, and is now over 80%.
Read also : <a href="https://coinedition.com/fed-rate-cut-dividend-etfs-and-crypto-see-massive-inflows/" rel="noopener noreferrer nofollow">Fed Rate Cut: Dividend ETFs and Crypto See Massive Inflows</a>
Having said that, the Fed’s recent interest rate cut sparked a rally in both the stock and crypto markets. U.S. dividend ETFs recorded a surge in inflows, attracting $3.05 billion in September. At the same time, Bitcoin’s gained 15% alo…
The post <a href="https://coinedition.com/fed-hints-at-smaller-rate-cut-as-inflation-persists/" rel="noopener noreferrer nofollow">Fed Hints at Smaller Rate Cut as Inflation Persists</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Fed Hints at Smaller Rate Cut as Inflation Persists

Coin Edition

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