The Fed can help BTC or sink it: a decision on interest rates is expected today
Ahead of today's Federal Reserve interest rate meeting, leading Wall Street banks are divided over the future trajectory of monetary policy. #JPMorgan and Goldman Sachs took a “bullish” position, predicting a rate cut in July. They believe the Fed will begin its monetary easing cycle sooner than expected due to slowing inflation and signs of a cooling economy.
Wells Fargo takes a more cautious, "neutral" view, suggesting the first rate cut will occur in September. The bank's analysts point to persistent inflation risks and a strong labor market that could prompt the Fed to take a longer pause. #BankOfAmerica America, in turn, sided with the bears, predicting that the rate cut will occur only in December.
This divergence in opinion among leading financial institutions underscores the uncertainty about the Fed's future policy and its impact on the economy.
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