Powell Doubts December Rate Cut: Why Bitcoin’s Usual Fed Boost Could Falter This Time

Fed chair Jerome Powell’s uncertainty about another rate cut in December could weaken Bitcoin's usual boost from rate cuts. | Credit: Harnik/Getty Images. Key Takeaways Federal Reserve Chair Jerome Powell said another rate cut in December is uncertain. Bitcoin’s historical tendency to rally during Fed rate cuts may weaken this cycle. Analysts warn that Bitcoin’s recent gains may be faltering. Federal Reserve Chair Jerome Powell’s warning that another rate cut in December is “not guaranteed” has ra ...