Global Central Banks Hold Rates Steady Amid Inflation Uncertainty
The Federal Reserve maintains its cautious stance, keeping rates unchanged despite political pressure. Chair Jerome Powell's decision reflects persistent inflation concerns, with three projected cuts delayed until late 2025. Market volatility lingers as traders reassess risk assets.
Brazil's central bank holds at 15% as inflation breaches 4.5%, while Canada's 2.25% rate reflects growth uncertainties. The IMF warns of accelerating economic shocks—a headwind for crypto adoption despite Bitcoin's recent institutional inflows.
Key cryptocurrencies face divergent pressures: Bitcoin and ethereum hover near monthly lows as altcoins like SOL and DOT show relative strength. Exchange volumes dip on Binance and Coinbase amid regulatory scrutiny, though Bybit and OKX see derivatives activity surge.
