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Cyberpunk.eth
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The price of Bitcoin has surged this month to record highs as investors acclimate to President-elect Donald Trump. But markets are braced for Federal Reserve minutes Tuesday that could hint at whether the U.S. central bank’s easing campaign will continue apace. Earlier this month, the Fed cut its benchmark interest rate by a quarter of a percentage point, following a supersized cut of half a percentage point in September. While the reductions have bolstered so-called risk assets, investors are divided on whether a third cut is in the cards. As of this writing, Fed futures traders saw a 43% chance that the Fed will hold rates steady at its last meeting of the year ending Dec. 18, according to the CME Group’s FedWatch tool. In other words, the outlook for a rate cut in December is relatively uncertain compared to the U.S. central banks previous two policy meetings that had brought about good news for crypto.
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