📉 Fed's Dovish Signal Boosts Bitcoin and Traditional Markets: Are Investors Overreacting? 📈
- The U.S. Federal Reserve's policy decision to expect 75 basis points in rate cuts in 2024 has sent traditional markets soaring.
- Dow Jones Industrial Average topped 37,000 for the first time ever, and the bond market rally pushed the yield on two-year U.S. Treasuries to 4.32%.
- The dovish signal also boosted Bitcoin's price, recovering from the recent "flash crash."
- However, markets have priced in nearly 150 basis points, which might be an overreaction considering the current economic data.
What do you think? Are investors getting ahead of themselves? Share your thoughts in the comments! 💬