Hawkish Fed, stocks market rally, and crypto falling behind By Cointelegraph

Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity.

Episode 13 of Cointelegraph’s Macro Markets begins by exploring why the United States Federal Reserve’s latest move has been pinned on the stock market rally. According to Cointelegraph analyst Marcel Pechman, part of the market was doubtful that the Fed would continue to sustain interest rates above 5% for the remainder of 2023 as the risks of an economic recession increase, but apparently, they were wrong.