SUMMARY OF FED DECISION (18/9/24):

๐Ÿšจ Fed cuts interest rates by 50 bps โ€“ Lower borrowing costs could boost investment, potentially driving up BTC demand.

๐Ÿ“‰ 2 more cuts expected in 2024 โ€“ Expectations of further cuts may create a bullish sentiment in risk assets like BTC.

โš ๏ธ One dissenting vote โ€“ Mixed views within the Fed may signal uncertainty, leading to short-term market volatility.

๐Ÿ’ช Fed is confident about inflation โ€“ A clearer inflation outlook could stabilize the economy, helping BTC as a hedge against inflation.

๐Ÿ“Š Fed will monitor data closely โ€“ Future rate moves depend on data, keeping markets, including BTC, sensitive to economic reports.

๐Ÿ”ฎ More cuts coming โ€“ Extended rate cuts suggest continued liquidity, which could fuel further BTC buying as cash flows into riskier assets.

๐Ÿ’ผ Weak labor market โ€“ A weak job market and political influence could push for more stimulus, potentially benefiting BTC as an alternative asset.

Overall: Good news for BTC as lower rates often drive investors toward alternative assets like crypto! โœ