Economist Predicts an Imminent Alt Season Following Additional Rate Cuts, as ...
Economist Timothy Peterson believes that the coming rate cuts, which the Fed already has planned, will rally the market, pump Bitcoin, and kickstart the new alt season. Peterson’s comments come just one day after the Federal Reserve cut rates by 0.25%, with CME’s FedWatch placing the odds of a favorable decision at 96% several weeks […]
Related News
The Federal Reserve just lowered interest rates for the first time since 2024, reducing its target range to 4%-4.25%. Rate cuts are important because they make borrowing cheaper, increase liquidity, and typically encourage investors to move into risk assets like crypto. The markets have already responded, with the top 10 by market cap showing gains […]
A Bank of America economist, Tatonga Rusike, has said the Nigerian currency is overvalued by as much as 20% and will likely be devalued in 2030. The remarks by the economist came just days after the currency’s exchange rate reportedly touched a new low of just under 750 naira for every U.S. dollar on the parallel market. Currency Fair Value Analysis According to a Bank of America economist, Tatonga Rusike, the Nigerian currency, which has officially stayed below the 450:1 mark since May 2021, is overvalued by 20% and he expects it to be devalued by as much in 2023. In his October 18....
In the weeks leading up to the Fed announcement scheduled for September 17, expectations in the crypto and broader finance community had shot up that the Fed would finally implement rate cuts. As a result, the target rate probabilities on the FedWatch Tool had seen a peak of 97.6% expectancy of a rate cut. With […]
Last week, Federal Reverse Chairman Jerome Powell set the crypto community on fire after speaking at the annual Jackson Hold economic symposium. During his speech, Powell had hinted toward possible rate cuts that could happen in the month of September, and since rate cuts have been historically bullish for risk assets, this quickly triggered a […]
We may see another interest rate cut this year, says Fed Governor Christopher Waller. The Fed made three rate cuts in 2024, the first being an aggressive 50 bp (basis point) cut in September, a 25 bp cut in November, and another 25 bp cut in December. However, Waller admits these cuts didn’t have the […]