$BTC Once again a drop of five thousand dollars

25 basis points After Powell's hawkish remarks, signs of a slowdown in interest rate cuts have emerged, and the market has fallen accordingly.

Gennadiy Goldberg, head of U.S. interest rate strategy, believes that the Federal Reserve may move towards zero interest rate cuts.

He stated that the Federal Reserve has signaled that they will not be as dovish as in the past, and they are inclined towards fewer rate cuts next year. I think this is a signal that the market will continue to price in less than two rate cuts, and if the data is strong enough, it may move towards zero rate cuts. If the Federal Reserve does not see inflation drop to a sufficient level, they are unwilling to continue cutting rates.