TechFlow reports, July 16. According to CoinDesk, the latest Federal Reserve Beige Book shows that compared to the previous reporting period, price growth in all districts remained flat or slowed. Combined with recent mild inflation data and dovish comments from New York Fed President Williams, the market has largely ruled out the possibility of a rate hike in July.
CME FedWatch data shows that the probability of a rate hike in September dropped from nearly 70% a week ago to 48%, and the 2-year U.S. Treasury yield fell 7 basis points to 4.12% on the day. Bitcoin continued its narrow range-bound trend, with prices fluctuating near the $65,000 level.
Add to Favorites
Share to Social Media
