SUMMARY OF FED DECISION (18/9/24):
đš Fed cuts interest rates by 50 bps â Lower borrowing costs could boost investment, potentially driving up BTC demand.
đ 2 more cuts expected in 2024 â Expectations of further cuts may create a bullish sentiment in risk assets like BTC.
â ïž One dissenting vote â Mixed views within the Fed may signal uncertainty, leading to short-term market volatility.
đȘ Fed is confident about inflation â A clearer inflation outlook could stabilize the economy, helping BTC as a hedge against inflation.
đ Fed will monitor data closely â Future rate moves depend on data, keeping markets, including BTC, sensitive to economic reports.
đź More cuts coming â Extended rate cuts suggest continued liquidity, which could fuel further BTC buying as cash flows into riskier assets.
đŒ Weak labor market â A weak job market and political influence could push for more stimulus, potentially benefiting BTC as an alternative asset.
Overall: Good news for BTC as lower rates often drive investors toward alternative assets like crypto! â