Fitch: Fed signals interest rates 'near peak'
Fitch analyst Brian Coulton stated in a report that the Federal Reserve sent "a strong signal" that it believes "interest rates are nearing their peak". Previously, the Fed maintained high interest rates while stating that the economy is slowing down and lowered its forecast for interest rates in 2024.
However, the tendency towards tightening policies is still maintained, with the statement retaining the wording of "any additional policy tightening", indicating that the Fed is still concerned about sticky services, wage inflation, and tight labor market conditions. Fitch expects the federal funds rate to reach 4.75% by the end of next year, which is significantly higher than the current market expectations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XLM, UNI and AAVE gain double-digits as BTC reclaims $94k
Bitcoin’s metrics suggest bull market is far from overvalued
Jim Cramer, Known for His Wrong Comments, Shared His Last Opinion on Bitcoin and Cryptocurrencies
Jim Cramer, who is the butt of jokes in the cryptocurrency world with his predictions, has made new comments about Bitcoin. Here is everything he said.
Trending news
MoreCrypto prices
More
