The minutes of the Federal Reserve meeting showed that Fed officials agreed at the December meeting that the interest rate hike cycle that began in 2022 may have ended. They pointed to a moderation in inflation, especially the six-month annualized rate, and signs that supply chains are returning to normal while the labor market is beginning to loosen as more people join the workforce. They also said that raising interest rates above 5% dampened consumer demand, thereby easing inflation. They did not discuss when they would start cutting interest rates, and the Fed's dot plot shows the bank plans to cut rates three times in 2024. On Thursday, we will start to focus on the key data of the non-farm data week. The number of ADP employment in the United States in December was small, and the number of first-time jobless claims for the week of December 30 was affected. #BTC #ETH
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