Gate News message, April 28 — Former Federal Reserve Vice Chair Roger Ferguson and Goldman Sachs economist David Merrick both expect the Fed to maintain interest rates unchanged while monitoring labor market and inflation developments.
Ferguson noted that the labor market is currently stable but inflation remains elevated at 3%, requiring continued work to bring it down. He expects the Fed to hold rates steady for now and observe how conditions evolve. Merrick similarly anticipates that the Fed’s statement following its meeting will acknowledge improvements in employment and rising inflation, but policy guidance will remain unchanged, with most officials supporting a rate hold.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bank of Japan keeps interest rate at 0.75%, while a stronger Japanese yen puts pressure on Bitcoin at $76,500
Bitcoin was temporarily trading around $76,500 on April 29, extending its downward trend. The U.S. dollar against the Japanese yen fell nearly 0.5% to 158.95. According to the Bank of Japan’s monetary policy decision published on April 28, the committee voted 6 to 3 to keep the benchmark interest rate unchanged at 0.75%. The three members who voted in favor of an immediate rate hike on that day prompted traders to raise the probability pricing for a rate hike on June 16 to 74%.
MarketWhisper14m ago
Bitcoin Drops Below $76,000 as Traders Reduce Risk Before Federal Reserve Decision
Gate News message, April 28 — Bitcoin slipped below $76,000 on Tuesday as traders reduced exposure ahead of the Federal Reserve's policy decision on Wednesday, triggering a broad market pullback across major digital assets.
The total cryptocurrency market capitalization fell about 1.8% to roughly $
GateNews6h ago
Bitcoin ETF Outflows Break 9-Day Streak at $76,555 Ahead of FOMC Meeting
Gate News message, April 28 — U.S. spot bitcoin exchange-traded funds recorded $263.2 million in net outflows on April 27, ending a nine-day inflow streak just as the market awaits this week's Federal Open Market Committee meeting. Bitcoin fell back below $77,000, trading around $76,555 ahead of the
GateNews13h ago
Russia Imposes 30% Tax on Non-Residents' Crypto Income Under New Regulatory Framework
Gate News message, April 28 — Russia's Ministry of Finance has prepared amendments to the country's Tax Code to establish a taxation mechanism for cryptocurrency transactions, with non-residents facing significantly higher rates than domestic investors. The draft legislation was approved by the
GateNews13h ago
Fed Holds Rates at 3.5%-3.75%, Powell's Final Speech May Signal Future Cuts
The U.S. Federal Reserve is set to announce its April interest rate decision on April 29th. Markets are pricing in approximately a 100% probability that rates remain unchanged at 3.5%–3.75%, according to CME FedWatch and prediction markets Polymarket, making the actual decision largely a
CryptoFrontier14h ago
BOJ Governor Ueda: Interest Rate Hike and Quantitative Tightening Adjustments to Proceed Separately
Gate News message, April 28 — Bank of Japan Governor Kazuo Ueda stated that decisions on interest rate hikes and adjustments to quantitative tightening will be handled separately.
The statement signals the central bank's intent to manage its monetary policy normalization in distinct phases, allowin
GateNews18h ago
