{"id":159558,"date":"2023-09-20T22:37:36","date_gmt":"2023-09-20T17:07:36","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=159558"},"modified":"2023-09-20T22:37:36","modified_gmt":"2023-09-20T17:07:36","slug":"us-fed-may-have-to-raise-rates-thrice-more-vanguard-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/us-fed-may-have-to-raise-rates-thrice-more-vanguard-crypto-news\/","title":{"rendered":"US Fed May Have To Raise Rates Thrice More: Vanguard – Crypto News"},"content":{"rendered":"

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Ahead of the Federal Open Market Committee (FOMC) meeting, US investment advisor Vanguard warned that the central bank may not have been done with raising interest rates just yet. It said the US Fed may have to keep the monetary policy at restrictive level further than expected by the majority market participants.<\/p>\n

Also Read: XRP Lawsuit Settlement: Attorney Says US SEC Not Ready Yet<\/strong><\/a><\/p>\n

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High Inflation Means No Rate Relief Yet?<\/h2>\n

Vanguard\u2019s statement comes a week after Blackrock executive Rick Rieder taking a similar view on the Fed\u2019s policy stance amid possibility of inflation continuing at higher levels. Reuters reported<\/a> Rieder\u2019s statement: \u201cThere is a \u2018worrisome\u2019 possibility of inflation running at higher levels, over time, than before the COVID-19 pandemic due to structural factors such as larger government deficits and sizeable debt levels.\u201d<\/p>\n

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In this context, Vanguard said<\/a> the US central bank may need to continue hiking interest rates further than many people expect and keep borrowing costs high through late 2024. There is a wide consensus already that the Fed will keep the interest rate unchanged in the upcoming meeting but traders would be keen to hear statements on future rate decisions during the Powell speech. According to a recent Reuters poll, chances<\/a> of the US Fed rate cuts may brighten between April and June 2024.<\/p>\n

Bitcoin Price: Temporary Spike During Powell Speech?<\/h2>\n

Warnings of the US Fed\u2019s consideration of further rate hikes could likely spur a temporary spike in Bitcoin price<\/a>. Following the Powell press conference around the July 2023 FOMC Meet, the stock indices as well as BTC showed little volatility over the Fed Chair\u2019s restrictive statement on possible rate hikes in future.<\/p>\n

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Also Read: Apple, Goldman Sachs To Add Stock Trading Feature On iPhones?<\/strong><\/a><\/p>\n

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\u2713 Share:<\/p>\n

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Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

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Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or twitter.com\/BitcoinReddy or linkedin.com\/in\/anveshreddybtc\/ <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Ahead of the Federal Open Market Committee (FOMC) meeting, US investment advisor Vanguard warned that the central bank may not have been done with raising interest rates just yet. It said the US Fed may have to keep the monetary policy at restrictive level further than expected by the majority market participants. Also Read: XRP […]<\/p>\n","protected":false},"author":2,"featured_media":159559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-159558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=159558"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159558\/revisions"}],"predecessor-version":[{"id":159561,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159558\/revisions\/159561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/159559"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=159558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=159558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=159558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}