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Key Points: Mary Daly discusses rate cuts, inflation management, and economic growth concerns. Potential fewer rate cuts if inflation persists. Stable labor market, but price stability remains a priority. Mary Daly, President of the Federal Reserve Bank of San Francisco, indicates potential interest rate cuts in 2025 depending on inflation and economic growth trends. The discussion impacts digital asset markets, influencing liquidity and risk appetite, with Bitcoin accumulation by large holders signaling market confidence. Fed’s Inflation Strategy and Economic Implications Mary Daly articulated satisfaction with expectations for two rate cuts this year. She highlighted potential adjustments depending on inflation’s persistence. If growth decelerates further cuts may be necessary. Daly’s statements underscore the Federal Reserve’s commitment to restoring price stability, amidst a still stable U.S. labor market. Daly emphasizes a gradual approach to interest rate adjustments. Global liquidity conditions affecting digital asset pricing are immediately impacted. The current situation continues to raise uncertainty within the cryptocurrency space, where larger Bitcoin holders view current price levels as an opportunity for accumulation. “If inflation proves to be more persistent, the number of rate cuts this year may be less than two. If economic growth slows down, further rate cuts will be necessary. Gradually lowering the policy interest rate without urgency is the right approach. The only commitment of the Federal Reserve is to restore price stability.” — Mary Daly, President, Federal Reserve Bank of San Francisco (ChainCatcher) Bitcoin Price Trends Amid Federal Rate Discussions Did you know? During periods of macroeconomic uncertainty, large Bitcoin holders have historically increased their positions, indicating strategic bullish outlooks despite short-term volatility. As of the latest data from CoinMarketCap, Bitcoin’s current price stands at $85,258.45 with a market cap of $1.69 trillion. Dominating the market by 62.99%, Bitcoin exhibits a 24-hour trading volume down by 35.19%. The cryptocurrency…

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Filed under: News - @ April 19, 2025 11:13 am