Fed meeting is shaping up to be a nightmare for Warsh. Bitcoin might still shine

Fed meeting is shaping up to be a nightmare for Warsh. Bitcoin might still shine

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

The Senate defeat of the Clarity Act has left bitcoin bulls at the mercy of Wednesday’s Federal Reserve meeting, an event that some observers warn could prove highly challenging for the central bank’s chair, Kevin Warsh.

The Federal Reserve is scheduled to announce its interest rate decision at 2:00 PM ET, with Warsh set to hold a press conference 30 minutes later.

Ahead of the announcement, bitcoin, the largest cryptocurrency by market value, was trading at $75,800, down nearly 3% over the past 24 hours.

The broader digital asset market also faced downward pressure, with tokens including JUP, XLM, and ICP each declining by about 10%.

Financial markets have almost fully priced in a 25-basis-point rate hike, which would lift the federal funds target range to 3.75%-4%, according to the CME’s FedWatch tool.

Nearly every major investment bank also expects at least one more rate hike before the end of the year, according to data shared by Wall Street Journal reporter Nick Timiraos.

That mix of hawkish market expectations complicates the landscape for Warsh, according to Robin Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance.

According to Brooks, the primary narrative is not today’s anticipated rate hike, but rather the additional policy tightening expected later this year.

Warsh may therefore struggle to deliver a message that aligns with the aggressive pricing currently seen in the markets.

“Tomorrow’s Fed meeting is a nightmare for Warsh.

Analiz: Piyasa hareketliliği devam ediyor.