CoinVoice has learned that, according to The Block, analysts expect the Federal Reserve to lower interest rates by 25 basis points at the Federal Open Market Committee meeting on Wednesday. While lower rates typically boost risk assets like Bitcoin, the comments and economic forecasts released by the Federal Reserve during Wednesday's meeting may dampen expectations for further rate cuts amid ongoing inflation concerns.
Recent U.S. CPI and PPI data have raised concerns about potential price pressures next year, especially considering speculation around the economic policies of U.S. President-elect Donald Trump. Additionally, although macroeconomic events still hold sway, QCP Capital analysts believe that Bitcoin's recent rise has primarily been driven by market sentiment. [Original link]
