No Fed Rate Cut for September, Crypto Market Dey Ready for Impact
Cleveland Fed President Beth Hammack tok say no to Fed rate cut for September, she talk say dem go follow data because inflation still dey high and employment strong. Fed still dey keep current interest rate policy to achieve 2% inflation target, need more proof say price stability go last. High borrowing cost and strong dollar dey usually make people carry money comot from risky assets, e dey increase how market dey shake and e dey make liquidity tight for crypto market. Traders supposed dey watch Fed messages, spread their investments for different asset classes, and focus on digital assets wey get strong foundation to manage short-term wahala and ready for future policy changes.
Bearish
To rule out Fed rate cut for September mean sey interest rates go dey high steady, and dis kain high rates don historically dey reduce demand for risk assets like cryptocurrencies. For past tightening cycles—like di rate hikes wey happen for 2022—crypto prices dem see sharp sell-offs as investors dem shift go higher-yield bonds and di strong dollar pressure digital asset valuations. For short term, high borrowing cost and less liquidity fit make market volatility drop more. But if people dey expect say later on rates go reduce, e fit make market stabilize for long run, making selective positions based on fundamentals correct.