"Bitcoin (BTC) price fluctuates ahead of Fed's interest rate decision
- BTC dips to $59,500 on Binance as market awaits Federal Open Market Committee (FOMC) meeting
- Expectations are for unchanged interest rates, with only 4.4% predicting a rate cut
- Market data indicates a 36% probability of no interest rate cuts this year, up from 3% four months ago
- Stagflation risks persist as US inflation remains high and economic growth slows
- Fed Chair Jerome Powell hints at sustained high-interest rates without increases
- Bitcoin's price mirrors economic uncertainties, briefly rallying with Hong Kong ETF launch but dropping ahead of Fed decision"
Note: The post discusses the current market situation and expectations ahead of the Federal Reserve's interest rate decision, and how it affects Bitcoin's price.
