Fed Dashes Hopes for December Crypto Rally as Chances of Another Rate Cut Shrink

Federal Reserve Chair Jerome Powell is not confident about another rate cut. How will crypto prices react? | Credit: Alex Wong/Getty Images. Key Takeaways Federal Reserve policymakers are divided over whether to lower interest rates in December. Fed officials must balance support for the labor market against the risk of rising inflation. Lower interest rates tend to support stronger crypto markets. With crypto prices struggling to shake off a bearish spell that has gripped the market since mid-Oct ...