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Fed Chair Expects Crypto Banking Rules to Ease, But No Rate Cuts In May
Fed Chair Expects Crypto Banking Rules to Ease, But No Rate Cuts In May
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Federal Reserve Chair Jerome Powell signaled on Tuesday that crypto banking regulations will be partially relaxed but made it clear that a near-term interest rate cut remains unlikely. Speaking at the Economic Club of Chicago, Powell addressed mounting uncertainty stemming from trade policy and reinforced the central bank’s cautious stance. Market expectations for a May rate cut have collapsed, with CME FedWatch data pricing in just a 16% chance. US equities dipped modestly following the speech, reflecting investor disappointment over the lack of dovish signals.
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