Sky-high interest rates are exactly what the crypto market needs

The United States Federal Reserve Open Market Committees September choice on interest rates was completely expected, with the FOMC holding rates at the existing level of 5.25% to 5.5%.”What was more of a surprise, however, is the fact that the Fed raised its long-lasting projection for the Federal Funds Rate, which they now see as standing at 5.1% by the end of 2024– up from Junes prediction of 4.6%– before falling to 3.9% at the end of 2025, and 2.9% at the end of 2026. We saw markets pull back slightly, with the S&P 500 trading down 0.80% soon after the announcement, followed by the NASDAQ, which fell 1.28%– a huge tumble for these headline indexes.

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The United States Federal Reserve Open Market Committees September decision on interest rates was totally anticipated, with the FOMC holding rates at the current level of 5.25% to 5.5%.”What was more of a surprise, nevertheless, is the reality that the Fed raised its long-lasting forecast for the Federal Funds Rate, which they now see as standing at 5.1% by the end of 2024– up from Junes prediction of 4.6%– before falling to 3.9% at the end of 2025, and 2.9% at the end of 2026. We saw markets pull back slightly, with the S&P 500 trading down 0.80% quickly after the statement, followed by the NASDAQ, which fell 1.28%– a huge tumble for these heading indexes. A U.S. interest rate averaging around 4% over 3 years would be no surprise in this old world, nor would annual inflation higher than 2%.