San Francisco Fed President Mary Daly recently suggested changes in monetary policy in light of strong retail sales and rising wholesale prices.
Fed Policy and Inflation
Mary Daly indicated that policy easing might start as soon as next month. Projections suggest two rate cuts by year-end, despite slowing economic growth. "We are open to policy easing and anticipate two rate cuts this year, supported by robust retail sales and ongoing inflation above our target."
Historical Fed Strategies and Crypto Impact
**Did you know?** In 2019, a similar Fed strategy shift led to two rate cuts, stabilizing market volatility at that time. According to CoinMarketCap, Ethereum (ETH) is priced at $4,437.46 with a market cap of $535.64 billion. ETH shares 13.51% market dominance and has surged 31.38% over the past month.
Future Regulatory Changes in Crypto Banking
Coincu research suggests the Fed's policy could influence regulatory compliance and tech development within crypto banking. Historical packages with rate adjustments showed reduced compliance costs for regulated banks. Furthermore, the crypto banking sector could experience significant shifts following potential regulatory changes.
Changes in the Fed's monetary policy may impact financial markets and the crypto banking sector, highlighting the importance of monitoring economic indicators and regulatory initiatives.
