JPMorgan has overturned its previous forecast of a rate cut by the Federal Reserve in 2026, now expecting the Fed to raise interest rates by 25 basis points in the third quarter of 2027, citing strong US employment data. Other major banks, including Goldman Sachs, Barclays, and Morgan Stanley, have also delayed their expectations for a rate cut. Traders now believe there is a 95% probability that the Federal Reserve will keep rates unchanged at the January meeting. As key CPI data is about to be released, the market is closely watching macroeconomic shocks that could impact Bitcoin's next move. Currently, Bitcoin is trading at $90,561.
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JPMorgan has overturned its previous forecast of a rate cut by the Federal Reserve in 2026, now expecting the Fed to raise interest rates by 25 basis points in the third quarter of 2027, citing strong US employment data. Other major banks, including Goldman Sachs, Barclays, and Morgan Stanley, have also delayed their expectations for a rate cut. Traders now believe there is a 95% probability that the Federal Reserve will keep rates unchanged at the January meeting. As key CPI data is about to be released, the market is closely watching macroeconomic shocks that could impact Bitcoin's next move. Currently, Bitcoin is trading at $90,561.