Lloyds Bank expects the US Federal Reserve to maintain interest rates at the current level in July, which creates certain expectations in financial circles.
Lloyds Bank's Fed Rate Forecast
Lloyds Bank projects that the Fed will not make any changes to interest rates at the upcoming July meeting. This stance aligns with broader market perspectives, indicating potential adjustments are more likely reserved for September.
Market and its Reactions
Financial markets expect continuity at the July meeting, while crypto markets may be under pressure due to traditional assets' dependencies on Fed policy. Digital assets might experience volatility impacting cost of capital perceptions.
Bitcoin's Response to Changes
Bitcoin (BTC) is currently trading at $108,086.10 with a market cap of $2,149,658,550,170.63 and a dominance of 64.59%. Over the past month, BTC saw a price increase of 3.96%, while the 90-day change reached 41.39%.
The stability of the Fed rates in July may significantly affect the crypto markets, which remain vigilant toward any news regarding potential changes. Maintaining a predictable monetary climate could support increased activity in the digital economy.
