CoinWorld.com March 2 News, according to Caixin Media, over the weekend, the attacks by the United States and Israel on Iran triggered turbulence in the international oil market. Many Wall Street figures have stated that these attacks could also reduce the likelihood of the Federal Reserve cutting interest rates this year. According to the CME FedWatch Tool, investors further recalibrated their rate expectations on Monday and reduced their bets on the Federal Reserve starting to cut rates in June. Currently, the probability of holding rates steady at the June meeting is 47%, up from 42.7% last Friday.
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CoinWorld.com March 2 News, according to Caixin Media, over the weekend, the attacks by the United States and Israel on Iran triggered turbulence in the international oil market. Many Wall Street figures have stated that these attacks could also reduce the likelihood of the Federal Reserve cutting interest rates this year. According to the CME FedWatch Tool, investors further recalibrated their rate expectations on Monday and reduced their bets on the Federal Reserve starting to cut rates in June. Currently, the probability of holding rates steady at the June meeting is 47%, up from 42.7% last Friday.