According to Michael Kramer, founder of Mott Capital Management, traders of Fed fund futures no longer see the central bank switching to rate cuts next year. Traders expect rates to peak at about 3.7% by March and remain there until late 2023. Last month, the central bank raised the benchmark interest rate by 75 basis points (0.75 percentage point), lifting it to the 2.25%-2.5% range.
Fifth Day of Declining Bitcoin Price Has Some Traders Looking Out Below
