What’s Next for Crypto? Fed Meeting, Inflation Data to Shape Markets
The post What’s Next for Crypto? Fed Meeting, Inflation Data to Shape Markets appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The cryptocurrency market is bracing for a significant week as investors anticipate the Federal Reserve’s next meeting and key inflation data. The markets are bracing for a busy week as the Fed prepares to make its next monetary policy decision at its January meeting on Wednesday. However, traders are pricing in a more than 99% chance that the Fed might keep interest rates steady, according to the CME Group’s FedWatch tool. At its December meeting, the Fed projected only two interest rate reductions in 2025. Along with the Fed meeting, the release of new inflation data will be widely monitored. The Consumer Price Index (CPI) is a key measure of inflation and provides insights into consumers’ purchasing power. Related On Friday, investors will await the release of the personal consumption expenditures price index for December, the Fed’s preferred inflation gauge, which will provide new insights into the health of the United States economy. Crypto market dips Bitcoin fell below $99,000 early Monday as traders took profits ahead of this year’s first Federal Open Market Committee meeting in the U.S. Bitcoin tracked losses in U.S. stock futures, which declined as traders processed information about the cost and capabilities of China-based DeepSeek, undermining OpenAI’s otherwise pricey narrative. At the time of writing, Bitcoin was down 5.65% in the last…
Filed under: News - @ January 27, 2025 9:21 pm