WSJ: Developed Economies Absorb Higher Rates as Fed's Neutral Rate Estimate Rises to 3.25%
- —Fed's median neutral-rate estimate raised to 3.25%
- —Eurozone's top-end neutral rate lifted to 2.5%
- —Government bond yields near multi-decade highs across developed economies
- —Goldman Sachs calls rate resilience a sign of stronger underlying growth
Why it matters: If high rates are less restrictive than assumed, the macro backdrop for crypto may be less bearish than feared.
Source: The Coin Republic