<ul><li>Federal Reserve Chair Jerome Powell indicates that a jumbo-sized rate cut should not be expected at this year's FOMC meetings.</li><li>Lower interest rates benefit risk assets like stocks and digital currencies, as evidenced by Bitcoin's price increase since the rate cut.</li><li>Traders predict a 25-basis-point rate cut at the next FOMC meeting and anticipate a total drop of 75 basis points by 2024.</li><li>Inflation is close to the Federal Reserve's target, which could influence future rate cut decisions.</li></ul>

Federal Reserve Chair Pumps the Brakes on Another Jumbo-Sized Rate Cut in 2024

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