Ah, the esteemed JPMorgan Chase has glanced into its crystal ball and discovered an unexpected truth: no rate cuts from the Federal Reserve in 2026! Instead, they foresee a delightful little hike of 25 basis points in the third quarter of 2027. How charming! 🎩
This revelation marks a rather significant pivot; previously, our dear friends at JPMorgan had confidently proclaimed a cut of 25 basis points was likely in January 2026. Alas, those dreams have evaporated like morning mist. ☁️
A New Chapter?
In an intriguing twist of fate, Fed Chair Jerome Powell revealed that the Trump administration threatened him with a criminal indictment. Such a charming little spat adds yet another layer of uncertainty to the already precarious independence of the Fed. What will they think of next? 🤔
As we await Tuesday’s CPI data, all eyes are on Bitcoin, which is currently trading at $90,561 after relinquishing earlier gains, marking a decline of 2.48% over the past week. The drama unfolds! 🎭
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2026-01-12 16:24