SUMMARY OF FED DECISION (18/9/24):
๐จ Fed cuts interest rates by 50 bps โ Lower borrowing costs could boost investment, potentially driving up BTC demand.
๐ 2 more cuts expected in 2024 โ Expectations of further cuts may create a bullish sentiment in risk assets like BTC.
โ ๏ธ One dissenting vote โ Mixed views within the Fed may signal uncertainty, leading to short-term market volatility.
๐ช Fed is confident about inflation โ A clearer inflation outlook could stabilize the economy, helping BTC as a hedge against inflation.
๐ Fed will monitor data closely โ Future rate moves depend on data, keeping markets, including BTC, sensitive to economic reports.
๐ฎ More cuts coming โ Extended rate cuts suggest continued liquidity, which could fuel further BTC buying as cash flows into riskier assets.
๐ผ 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! โ