Bitcoin Rises Ahead of Expected Fed Rate Cut — Market Talk
Bitcoin edges higher as expectations for another interest-rate cut at the Federal Reserve's meeting on Wednesday supports risk appetite. "We expect the Fed to deliver a cut this week, but indicate that the subsequent cuts would be data dependent," Jefferies economist Mohit Kumar says in a note. There's a risk Fed Chair Jerome Powell hints that the pace of rate cuts will reduce in 2026, he says. Labor market indicators have been mixed and recent data don't paint a convincing picture for the Fed to indicate continued rate cuts, he says. Bitcoin rises 1.6% to $91,700, according to LSEG. ([email protected])