First, there is the Federal Reserve's interest rate decision at 3:00 AM. The current expectation is a 0.25% rate cut, with the previous rate at 4.75% and the forecast rate at 4.5%!
Currently, it seems unlikely that there will be a surprise interest rate cut. The more the market speculates on no cuts, the more significant the reverse result. This is a common tactic because the market cannot remain constantly under the overheated stimulation of rate cuts; the capital market also needs adjustments. A capital market without adjustments is not sustainable! So if tonight's interest rate decision aligns with expectations, it can alleviate the stagnant market sentiment of recent days and bring some optimism to the market, helping to boost the weekend's performance!
At 3:30, Powell will speak, and his speech is also crucial. It's probably the same old story, depending on the data, etc. After all, the U.S. economy still looks strong in the fourth quarter. There will definitely be interest rate cuts in 2025 from this perspective!
If the Federal Reserve does not cut rates tonight, it is also understandable. After all, the global market's consumption demand is strong in the fourth quarter, which will skew market data high, creating a 'false impression' of a strong economy!
Regardless of the situation, tonight BTC/ETH and a host of altcoins will either spike and rebound or they will have sharp fluctuations to harvest a wave before continuing to force a bullish mode, fully exploiting the market's herd effect to clean it up thoroughly, allowing the market to go further! The more pessimistic the result, the better it is for the market in the long run!
Tomorrow evening at 20:00, the Bank of England is expected to keep interest rates unchanged. Whether or not they cut rates, it will be a bonus, with minimal impact on the market, at most a short-term fluctuation!
There is also the Bank of Japan's interest rate hike tomorrow. The announcement time is still not determined, but the rate hike is basically a done deal, no need to fantasize. Even if they hike rates, it will only be 0.5%, which is still a low rate globally. I'm even considering taking a loan in Japan, as USDT's interest rates across platforms are generally over 10%!
You asked where the Japanese would put their money, this has minimal impact on Japan's capital markets, so like the Bank of England, it basically just creates a splash in the market before returning to calm influence!
Overview: The key issue is whether the Federal Reserve will cut rates or not. Even if they do not cut rates, there is no need to worry; the rate cut cycle is still ongoing, and there will be several more cuts needed in 2025. Long-term prospects remain promising!
If they cut rates according to expectations, then the market's anxious heart will be at ease. Coupled with this week's forced bullishness and the availability of cheap chips, it may support a more optimistic mid-term sentiment, leading to price movements around Christmas and New Year's!
