Fed Expectations Are Shifting
Markets are adjusting after a change in interest rate outlook. Many traders once expected rate cuts in 2026, but large banks are now pushing those expectations further out.
JPMorgan no longer sees cuts in 2026 and even projects a possible hike in 2027. Other banks have also delayed their timelines, and current data suggests the Fed is likely to keep rates steady in the near term.
For assets like BTC and ETH, slower liquidity usually means calmer price action and fewer short-term moves driven by momentum.
The key takeaway: looser financial conditions may arrive later than many expected.