JPMorgan’s US trading desk is cautioning clients that a widely expected Federal Reserve rate cut on September 17 could mark a near-term peak for risk assets rather than a new leg higher—an outcome that would not spare crypto. In a consider macro data, Fed’s reaction function, potentially stretched positioning, a weaker corporate buyback bid, and…
View More Crypto At Risk — JPMorgan Warns Fed Cut Could Spark Crash
As the Federal Open Market Committee (FOMC) meets today, the crypto market’s focus is on the Federal Reserve’s forthcoming announcements. Scheduled for 2:00 PM ET are both the Fed Interest Rate Decision and the FOMC Statement, with Fed Chair Jerome Powell’s press conference following at 2:30 PM ET. These events are poised to have significant…
View More FOMC Preview: What The Crypto Market Can Expect From The Fed