Federal Reserve Governor Christopher Waller has announced possible plans for interest rate reductions at upcoming meetings to support the labor market and stabilize inflation.
Waller's Rate Cut Strategy Targets Economic Recovery
Governor Waller stated there could be **reductions in interest rates**, adding that it can happen at every meeting or alternate ones depending on economic data. He emphasized the need for a flexible approach to avoid a downturn in the labor market.
Crypto Markets Poised for Growth Amid Rate Cuts
According to data, cuts in interest rates usually lead to increased demand for risk assets like Bitcoin and Ethereum, which could drive institutional investments into crypto. For instance, **there is a direct correlation between rate cuts and increased capital investment in crypto assets**.
Prospects for Bitcoin and Ethereum in New Conditions
Bitcoin (BTC) is currently trading at $111,885.78 with a market cap of $2.23 trillion, marking a 1.20% increase in the last 24 hours. Despite a 7-day decrease of 0.37%, its growth over 60 days of 3.56% indicates improving market sentiment.
Discussions about possible interest rate cuts by the Federal Reserve create prospects for the growth of the crypto market, emphasizing the importance of economic policy flexibility in times of uncertainty.
