After a series of three cuts toward the end of 2024, the Fed’s likely decision to hold steady reflects its cautious approach amid economic uncertainties and a landscape influenced by previous fiscal and monetary policies.
Erica Groshen, senior economics advisor at Cornell University and former vice president of the Federal Reserve Bank of New York, warned, however, that interest rates may not return to pre-pandemic levels, in part because the Fed is in the process of reducing its balance sheet.
Additionally, another 30,000 Bitcoin tokens, worth $1.88 billion at current rates, were moved from a cold wallet to the Binance crypto exchange on Tuesday, as reported by Whale Alert.
