2023-4-4 20:27 |
Quick Take Chances of any more rate hikes seem to have disappeared after the recently reported weak U.S. macro data. A pause is now the firm favorite for the next two meetings, with roughly 75bps rate cuts throughout the year. The market believes the US rates will end the year at 4-4.25%. Australia’s Central Bank joined Canada in “pausing” interest rates. Liquidity is drying up; banks are reluctant to lend while the economy slows down. These could be the biggest headwinds that Bitcoin would face. Meeting Probabilities: (Source CME) Australia and Canada Bank rates: (Source: Trading View)
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