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Fed Rate Cut Stalls Until Q4—Wall Street’s Crystal Ball Looks Foggy Again
Fed Rate Cut Stalls Until Q4—Wall Street’s Crystal Ball Looks Foggy Again
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Markets itching for rate relief? Keep waiting. The Fed’s much-hyped pivot might not land until December—if at all.
ING’s latest forecast pours cold water on the ’imminent easing’ narrative, suggesting inflation’s sticky grip will force Powell & Co. to keep playing hardball. Traders now face another six months of parsing Fed-speak for crumbs of hope.
Meanwhile, crypto markets shrug—BTC volatility barely budged on the news. Turns out decentralized money doesn’t wait for central bank permission slips. (Take notes, legacy finance.)
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