John Williams, president of the Federal Reserve Bank of New York, stated he sees no reason for further rate hikes in 2027. However, he still expects one more increase this year. Futures traders, on the other hand, anticipate a steeper path, pricing in 93% odds that rates end 2027 at least 50 basis points higher. This divergence between the Fed’s position and market expectations could determine the extent of volatility in cryptocurrency markets.
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