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ROLLUP: Fed Pivot | Ledger Scare | New Warren Bill | Airdrop Szn
Bankless
The Fed Pivot and Market Optimism
8min Snip
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This chapter discusses the long-awaited Fed pivot in the markets, analyzing its implications and the response from the market. They explain that the Federal Reserve did not raise interest rates for the third time in a row and are now signaling that there will be three rate cuts next year. This has led to market optimism, with the NASDAQ and SPY reaching all-time highs and the cryptocurrency asset, coin stock, breaking out to highs not seen since May of 2022. They also speculate on the timing of the Fed pivot and its relation to the upcoming Bitcoin happening and ETF approval.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode