Binance Research: The Fed’s delay in cutting interest rates is still beneficial for growth assets such as cryptocurrencies
Binance Research released a macro analysis report on its official website. The report stated: If the Fed delays cutting interest rates because economic growth is still strong, and inflation just takes some time to fall back to 2%, then the overall background will still be favorable for growth assets such as cryptocurrencies. Furthermore, if economic growth continues to slow, inflation accelerates, and wage growth rises, the Fed may even need to consider raising interest rates, which could have a negative impact on growth assets such as cryptocurrencies.
Release time
2024-05-13 10:03:27