Stocks, Crypto Rally as Fed Signals Pause in Interest Rate Hikes
-
Fed signals it may be done with interest rate hikes, sparking a rally in stocks and crypto like Bitcoin, Ethereum, and XRP.
-
Investors see Fed's shift in rhetoric as "fundamentally" taking further rate hikes "off the table."
-
Inflation shows signs of taming, recession indicators are up, suggesting the Fed's war on inflation may be ending.
-
One investor calls this an "everything rally" bottom for markets after huge declines over last 2 years.
-
Fidelity executive sees Bitcoin as "exponential gold" with potential to perform as well as gold historically.