Minutes from the Federal Reserve’s December meeting revealed worries about inflation and the potential impact of President-elect Trump’s policies. This led to a more cautious approach regarding interest rate reductions, with expectations now set for only two rate cuts in 2025, down from the previously projected four.
Markets had to deal with CNN saying Trump is considering a national economic emergency declaration to allow for new tariff program. Quite the opposite from WaPo one on Monday. Such is what market will have to deal with in the coming 2-3 months of Trump in Power. Volatility will rise and if the unemployment or economy shows signs of softening then equities will correct in the US in the short term.
On the back of these more inflation, less rates cuts worries, crypto are down; bitcoin around 94k$ and global market cap at 3.4t$