Traders anticipating a rate cut at the March FOMC meeting increased to 23%, driven by concerns over a hawkish Fed nominee. Data from CME Group showed a nearly 5% surge in predictions from Friday. President Trump nominated Kevin Warsh as a potential replacement for Jerome Powell, impacting market sentiment and precious metal prices.

Warsh’s nomination has unsettled markets, with his perceived hawkish stance causing volatility. Market analyst Nic Puckrin highlighted concerns over Warsh’s views on interest rates and the Fed’s balance sheet. Economist Thomas Perfumo noted the mixed signals sent by Warsh’s nomination, potentially stabilizing US liquidity and credit, contrary to crypto investors’ expectations.

Read more at CoinTelegraph: 23% of Investors Forecast Rate Cut at March FOMC Meeting