Binance Research: The Fed's delay in cutting interest rates is still beneficial to growth assets such as cryptocurrencies
Binance Research published a macro analysis report on its official website, which pointed out that if the Federal Reserve delays interest rate cuts due to strong economic growth and inflation only needs some time to fall back to 2%, the overall background is still favorable for growth assets such as cryptocurrencies. In addition, if economic growth continues to slow, inflation accelerates, and wage growth rises, the Federal Reserve may even need to consider raising interest rates, which could have a negative impact on growth assets such as cryptocurrencies.
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
Kaspa Faces Price Flatlining: Is KAS’ Growth Dimming?
South Korea Slaps Worldcoin and TFH with $830K Penalty for Mishandling Data
Propelled by crypto inflows, US ETF assets hit record $10 trillion
The Daily: Tornado Cash co-founder's motion to dismiss denied, Lummis says Republican Senate would benefit digital assets, Bitcoin ETFs see largest i
Tornado Cash co-founder Roman Storm is set to face a trial on money laundering charges after a U.S. judge rejects his motion to dismiss the case.Sen. Cynthia Lummis said a flip to a Republican-controlled Senate following this year’s elections would bode well for digital assets.U.S. spot Bitcoin ETFs registered $365.7 million worth of net inflows on Thursday — the largest since late July.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.