Interest rate futures put the probability of a Federal Reserve rate hike on March 26, 2025, at 92.7%, compared to just 7.3% for no change and zero chance of a cut. President Donald Trump appointed Kevin Warsh to lead the Fed with a promise to cut rates, but this outlook faces headwinds from inflation still running at 3.4%. Bitcoin traded around $76,022, down 1.17% in 24 hours, while gold hovered near $4,340 per ounce, up 1.4% over the same period. Market participants will closely watch Warsh’s press conference, more than the rate hike itself, for signals on the future trajectory of monetary policy.
Source: Read the original article
