Last major economic news of 2024: #FOMC & Interest Rate Decision
At 2am on December 19, the interest rate will be announced. You probably heard about the interest rate cut a long time ago, so I won't mention it again. After 30 minutes, there will be a statement from the Fed chairman.
In the last 7 FOMC meetings, 5 times $BTC increased immediately afterwards.
Currently, CME's FedWatch predicts: 95.4% probability that the Fed will cut interest rates by 0.25%.
If the majority is correct, the interest rate will be brought to 4.25 to 4.5%.
Low interest rates are usually positive for #Bitcoin because borrowing costs decrease and the need to hedge against inflation increases.
In September, the Fed expected four more cuts next year, but now the article says that could be as low as one or two.
