Insights

No more rate hikes: Markets believe the Fed rate pause is nigh

exchange68September 13, 2024

0 1 1 minute read

Quick Take

Chances of any more rate hikes seem to have disappeared after the recently reported weak U.S. macro data.
A pause is now the firm favorite for the next two meetings, with roughly 75bps rate cuts throughout the year.
The market believes the US rates will end the year at 4-4.25%.
Australia’s Central Bank joined Canada in “pausing” interest rates.
Liquidity is drying up; banks are reluctant to lend while the economy slows down. These could be the biggest headwinds that Bitcoin would face.

Australia and Canada Bank rates: (Source: Trading View)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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