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Prices Fall to $27K as Fed's Mester Does Not Envisage Rate Hike Pause

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coindesk.com/markets/2023/05/31/bitcoin-recedes-to-27k-as-feds-mester-favors-unabated-tightening-higher-for-longer-interest-rates

"I don't really see a compelling reason to pause," Federal Reserve Bank of Cleveland President Loretta Mester told FT in an interview published on Wednesday. "I would see more of a compelling case for bringing the rates up and then holding for a while until you get less uncertain about where the economy is going," Mester added.
The weak China data released early Wednesday…

This story from coindesk.com was posted on 2023-05-31 by @airwise.

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