In December, Powell’s statements plunged cryptocurrencies into ongoing negativity, which was exacerbated by recent data. Altcoin investors are currently facing losses exceeding 20%. This raises the question: what do the Fed Minutes tell us?
Understanding the Fed Minutes
Powell hinted at two potential interest rate cuts this year. However, his statements from the December meeting were disappointing, leading to discussions about a single rate cut possibility in the markets this year. The cessation of interest rate cuts and easing would indicate a downturn in risk markets.
The Fed Minutes were crucial this week for this very reason. Analysts were looking for more stringent, hawkish messages beyond Powell’s remarks. Despite the low likelihood, some experts were hopeful for optimistic details today.
Key details from the Fed Minutes include:
- Some participants included temporary forecasts regarding potential trade an...
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