What US Fed’s interest rate hike means for China and its CBDC
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Beijing is closely monitoring foreign exchange activities in fear of potential capital outflows triggered by the U.S. Federal Reserve’s approval of interest rate hikes. China’s State Administration…
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This week, two critical data closely followed by Bitcoin (BTC) and cryptocurrency investors, PPI and CPI data, were announced. Following these data, all eyes turned to the FED interest rate decision to be announced on Wednesday, and the expectation of an interest rate cut increased following the CPI data that…
The FED has paused interest rate cuts since January and preferred to keep interest rates constant at 4.25%-4.5%. The FED last kept interest rates steady in June, while hopes of a rate cut were postponed to July and September. At this point, FED Chairman Jerome Powell stated that concerns about…
While the markets generally expect the FED to cut interest rates in September, the probability of a 25 basis point cut is priced in at 85%. US President Donald Trump is also pressuring Fed Chairman Jerome Powell to cut interest rates quickly, stating that they are late in reducing interest…