Fed Rate Cut Odds Plummet Below 5%—What Does It Mean for Crypto?

According to the latest CME FedWatch Tool data, the probability of a Fed rate cut in July has dropped dramatically to below 5%, amid a better-than-expected job report.   This shift could present a challenge for the crypto market. As the likelihood of lower interest rates diminishes, cryptocurrencies could potentially become less attractive to investors. Crypto Faces New Risks as Fed Rate Cut Odds Fall The June US jobs report, released by the Bureau of Labor Statistics, revealed that the unemployment rate fell to 4 source: https://beincrypto.com/fed-rate-cut-expectations-crypto-impact/