Sharp decline in the likelihood of an interest rate cut by the Federal Reserve
According to CME FedWatch, the probability of the Federal Reserve cutting interest rates by 25 basis points at the January meeting has dropped to only 15.5%.
Markets currently indicate an 84.5% chance that interest rates will remain unchanged, signaling a more cautious approach from the Federal Reserve as the new year begins.
This shift is being closely monitored across various markets, especially in cryptocurrency markets, where tight monetary policy can impact high-risk assets like Bitcoin.
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