According to PANews, Bitcoin has risen for seven consecutive weeks, setting the longest consecutive rise cycle since 2021. As the last important monetary policy week of 2024 is approaching, the market will focus on the key decisions of several central banks, especially the interest rate decisions and economic expectations of the Federal Reserve. The following are key time nodes that are highly relevant to the market:
Thursday 03:00 The Federal Reserve will announce its interest rate decision and a summary of its economic forecasts;
Fed Chairman Powell holds a press conference at 03:30 on Thursday;
On Friday (exact time to be determined), the U.S. Personal Consumption Expenditures (PCE) price index will be released. It is expected that the core PCE will increase by 0.2% in November, the smallest increase in three months.
