Crypto Markets Daily Dec 19, 2024
The Fed’s 25bps rate came with an unsettling hawkish tone from Chair Powell, jolting markets and unveiling the prospect of fewer 2025 cuts. Traders re-evaluate their risk-on strategies as both equities and crypto see red.
Fed Cuts, Markets See Red
In a move that was almost entirely priced in by markets well ahead of time, the Federal Reserve delivered another quarter point rate cut that brought the target range for its…