Arthur Hayes predicts Bitcoin will chop below $90,000 in the near term, potentially dipping to the low $80,000s before holding at $80,000, amid minor liquidity improvements like increased US bank lending and the Federal Reserve halting quantitative tightening on December 1, 2025. Bitcoin’s current slump: Trading 30% below October highs, with a 21% drop over […]
Source: https://en.coinotag.com/arthur-hayes-sees-bitcoin-potentially-dipping-to-low-80k-in-ongoing-slump
Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus. US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more
