No more rate hikes: Markets believe the Fed rate pause is nigh Quick Take
- Chances of any more rate hikes seem to have disappeared after the recently reported weak U.S. macro data.
- A pause is now the firm favorite for the next two meetings, with roughly 75bps rate cuts throughout the year.
- The market believes the US rates will end the year at 4-4.25%.
- Australia’s Central Bank joined Canada in “pausing” interest rates.
- Liquidity is drying up; banks are reluctant to lend while the economy slows down. These could be the biggest headwinds that Bitcoin would face.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.