NY Fed Chief Says No Further Rate Hikes Needed by 2027

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News from the New York Federal Reserve, as stated by John Williams, suggests no rate hikes will be necessary by 2027. Bitcoin rose 1.5% to nearly $83,900, while the U.S. dollar weakened and Asian markets advanced. Zcash surged nearly 7%, Solana and Dogecoin rose 2.5%, and Ether gained 2%. The Fear & Greed Index may shift following the upcoming U.S. inflation report, which could influence Bitcoin’s next move toward $85,000.

Odaily Planet Daily report: Bitcoin rose 1.5% to nearly $83,900. John Williams, President of the Federal Reserve Bank of New York, stated that no further interest rate hikes are necessary by 2027; the dollar weakened, and Asian markets rose in tandem.

Among major cryptocurrencies, Zcash rose nearly 7%, Solana and Dogecoin both increased by 2.5%, and Ether gained 2%. The U.S. inflation report released on Thursday will influence whether the Federal Reserve raises interest rates again this year and whether Bitcoin can retest $85,000. (CoinDesk)

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