Grayscale Research Director: Fed Rate Cut Unlikely in the Short Term, Bitcoin Under Pressure

BlockBeats News, February 14th, Grayscale's Research Head Zach Pandl stated in an interview that "Fed rate cut is temporarily impossible."

He pointed out that in the short term, this is unfavorable for risk assets such as Bitcoin, as the market is further digesting the expectation of the Fed's rate cut delay. Pandl believes that the January CPI data was higher than expected (3% year-on-year increase), and core inflation has also risen to 3.3%, indicating that inflation remains stubborn. Pandl also warned that if inflation continues to exceed expectations, the Fed may even reconsider raising rates, which would have a greater impact on market sentiment.