Grayscale Research Director: Fed Rate Cut

Short-term hopeless, Bitcoin under pressure
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Grayscale's research director pointed out that the Fed is unlikely to cut interest rates in the short term, which is unfavorable to risk assets such as Bitcoin. January inflation data showed an unexpected increase, indicating that the inflation issue is still severe. He warned that if inflation continues to remain high, the Fed may restart discussions on interest rate hikes, which could cause even greater impact on the market.
BlockBeats news, on February 14, Grayscale's research director Zach Pandl said in an interview that 'a Fed rate cut is temporarily impossible.' He pointed out that in the short term, this is unfavorable to risk assets such as Bitcoin because the market is further digesting the expectation of a Fed rate cut postponement. Pandl believes that the January CPI data surpassed expectations (up 3% year-on-year), and core inflation also rose to 3.3%, indicating that inflation remains stubborn. Pandl also warned that if inflation continues to exceed expectations, the Fed may even reconsider raising interest rates, which would have a greater impact on market sentiment.