Fed meeting could be a nightmare for Warsh, but bitcoin may win
- —The market is pricing in aggressive rate expectations, limiting the Fed's room for maneuver
- —Warsh avoids forward guidance, which increases uncertainty
- —A dovish Fed signal risks undermining the central bank's anti-inflation credibility
- —Bitcoin could benefit from eroding confidence in the dollar
Why it matters: The outcome of the Fed meeting will set the direction for bitcoin and the entire crypto market in the coming weeks.
Source: CoinDesk