It is possible that the Federal Reserve does not reduce interest rates in the short term, but when it does, the decrease could be aggressive, according to the Dutch investment bank.
On Wednesday, the FED maintained the reference rate between 4.25% and 4.5%, with President Jerome Powell increasing the spectrum of the stagnation during the press conference after the announcement.
Both cryptographic and traditional markets sought signals in a possible rate cut in June. Insertion points to his comments that “uncertainty about the economic perspective has increased” and the “risks of greater unemployment and greater inflation have increased” as evidence of the waiting and observation mode could last a couple more meetings.
The comments suggest “little inclination to move until they trust the address that the data is directed, which means that feature cuts could be delayed, but the risk of being more clear when they arrive,” Ing said in a note to customers.
The investment bank said the waiting and view position could “persist until September.”
The reluctance of the Fed to Act is probably due to concerns that the commercial war and supply interruptions in ports and logistics companies could amplify inflation.
Bitcoin has recovered from $ 96,000 to $ 99.5000 from Wednesday’s decision, with the provocation of President Donald Trump of a commercial agreement with an important economy that helps restore the feeling of risk.
