JPMorgan Changes Stance on Fed Rate Cuts, Impacting Bitcoin
- JPMorgan Chase now predicts no rate cuts by the U.S. Federal Reserve in 2026, shifting to a hawkish outlook.
- The bank forecasts a rate hike in 2027, indicating a pause in rates throughout the next year.
- Earlier expectations included one cut of 25 basis points in January, with an economy resilience prediction at 80% for that year.
- Current Bitcoin price stands at $90,435, with trading volume up by 150% in the last day.
- Goldman Sachs and Barclays have also delayed their rate cut predictions to mid-2026 due to stable labor market indicators.
This shift in monetary policy outlook comes amid slowing U.S. jobs data and could exert further pressure on Bitcoin. Market participants are closely watching upcoming CPI inflation data for potential impacts on interest rates and crypto prices.
With Bitcoin currently trading at $90,435 after significant trading volume increases, the market remains sensitive to economic indicators and Fed decisions.(Source)
