Today, 1 data from the USA was announced. US Gross Domestic Product (GDP) was announced.
• Announced: 1.6%
• Expectation: 2.5%
• Previous: 3.4%
For those wondering what this means, the US economy grew below expectations with 1.6 percent in the first quarter of the year compared to the same period of 2023.
The fact that the US growth data is lower than expected is positive for Bitcoin. If you ask why, when the economy slows down in the USA, interest rate cuts are made early. You will soon see that FED members will make statements about early interest rate cuts one by one.
In late 2023, FED members supposedly said that the first interest rate cut of 2024 would occur in these months. But in recent months, FED Chairman Powell himself said that the interest rate cut would be delayed due to the increase in US inflation. Things have changed now. Early interest rate cut announcements will soon come from many FED members, including Powell.
