📢Good news! Analysts at Citi Research predict that the Federal Reserve may begin a massive rate cut in the coming months that will last until next summer. 📉
Why? They have found new signs of an economic slowdown and believe that the Fed will cut interest rates by 25 basis points at each meeting starting in September, for a total of eight cuts until July 2025. This will reduce the benchmark interest rate by 200 basis points, from 5.25%-5.5% now to 3.25%-3.5%, and remain unchanged for the rest of 2025. 💰
This is good news for Bitcoin! Rate cuts may cause more investors to turn their funds to cryptocurrencies such as Bitcoin, as they are often seen as a safe haven against inflation. 🚀
Let's wait and see if this prediction comes true and whether Bitcoin will gain more attention and investment in the process. 🔮