By Tiffany Wang, WOO Network Analyst
The end of the hiking cycle expectations are overwhelmed by the "higher for longer" interest rate narrative.
The UK CPI was a miss; the BOE voted to maintain the bank rate at 5.25%. Fed left the rate unchanged, but its hawkish comments and SEP (summary of economic projections) damped market sentiment.
The SEP indicated one more hike before the end of the year and fewer cuts than previously shown next year. Although the Fed decided not to raise interest rates, the message was that borrowing costs must remain higher for longer amid renewed strength in the economy.
There will be three FOMC voters delivering speeches this week, Japan will issue its CPI data, and the US will release its PCE price index.
Crypto and blockchain events this week (Sep 25th ~ Sept 29)
Meanwhile, here are the biggest crypto and blockchain events happening around the world this week so that you can stay informed.
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