Breaking! March interest rate cut cools down! The Federal Reserve adopts a cautious stance, the dollar fluctuates at high levels, and the crypto market is under pressure.
The expectations for a March interest rate cut have completely cooled! Multiple officials from the Federal Reserve have intensively released cautious hawkish signals. CME's 'Fed Watch' shows that the probability of maintaining the interest rate in March is as high as 80.1%, with easing expectations significantly adjusted. The dollar index remains fluctuating at high levels, and global risk assets face a critical test.
Richmond Fed President Barkin clearly stated that policy must remain cautious until inflation returns to target; Vice Chair Jefferson is cautiously optimistic about the economy, believing that the current policy is sufficient to cope with changes; Governor Cook emphasizes that the risk of inflation rising still exists, and stabilizing inflation and protecting the credibility of the central bank takes precedence over easing.
On the data front, the probability of maintaining the interest rate in April is still at 65.2%, with the timeline for rate cuts significantly delayed. The dollar index has recently fluctuated repeatedly, closing up 0.21% to 97.824 on February 5th, then retreating 0.2% to 97.633 on the 6th, showing strong resilience at high levels, forming a phase of pressure on the crypto market.
The Federal Reserve is unlikely to ease policy in the short term, and the strong dollar's fluctuations have become the main line of the current market. When do you think the Federal Reserve will cut rates at the earliest? Will the strong dollar continue to suppress the crypto trend?
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