10x Research: Not every decline presents a buying opportunity; interest rates may remain elevated for an extended period in the coming years

2024-12-19 11:46:34
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ChainCatcher news, 10x Research released a report stating that not every dip presents a buying opportunity.

It indicated that while we expect Federal Reserve Chairman Powell's tone to be slightly hawkish, the Fed's updated median interest rate forecast has unsettled the market, predicting rate hikes not only in 2025 but also in 2026 and 2027. Powell hinted that it may take 1-2 years to return to the 2% inflation target, further reinforcing the hawkish sentiment. The forecasts for the following years are shocking, suggesting that interest rates may remain elevated for an extended period.
Stocks fell by 3%, and Bitcoin dropped by 4%. Due to a lack of retail trading activity, altcoins have struggled, suffering even greater losses, with many altcoins plummeting by 10% or more. While the impact of Trump's policies remains speculative, weak demand from European economies and China may suppress global growth (and inflation). Meanwhile, a stronger dollar could put pressure on corporate earnings for U.S. companies.

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