🚨🚨🚨2 days before the Fed decision, Bitcoin headed towards 62 thousand dollars. What decisions will the Fed make?
While the American markets are entering the week where there will be many important developments, especially the Fed decision, Bitcoin started Monday with a decline. Bitcoin, which first fell below $ 63 thousand in the early morning, went down to $ 62 thousand. The Fed is not expected to move to a rate cut in its decision on Wednesday.
The US and therefore the world markets are eagerly awaiting this week, where many important developments will take place, from the Fed decision to the earnings reports of major technology and crypto companies.
The Fed is likely to remain stable
Experts do not expect the Fed to make a change in the rate in Wednesday's interest rate decision. Most likely, the Fed will leave the phases stable as part of the “Longer, higher interest rates” strategy. After the announcement of the decision, the chairman of the institution, Jerome Powell, will speak. Powell's comments about when interest rate cuts might start or inflation coming in higher than expected will also be eagerly followed by the world.
"The Fed may be more hawkish”
Matthew Luzzetti, one of the economists responsible for the United States at the German investment bank Deutsche Bank, also mentioned the high inflation data in his recent client note and said::
The arrival of inflation data higher once again may enable the Fed to give a ‘hawkish’ message once again. Although we think that the FOMC Committee will continue its view on monetary expansion, we expect some comments from Powell that inflation remaining strong will delay this expansion.”
Powell also said in a speech recently that it had taken longer than expected for inflation to reach the level they wanted.
The figures of crypto companies will also come
Although the #Fed rate decision seems to be the most important development of the week, Friday's non-agricultural employment data will also be important for the Fed's decisions in the future.