Attention Bitcoin Investors: 114 Economists Made Predictions Regarding the FED Interest Rate Decision! Here Are the Latest Reports…
Today, Bitcoin and altcoins may experience sharp movements.
As of today, the cryptocurrency sector's agenda includes the interest rate decision to be announced by the US Federal Reserve (FED) this evening. Although it is considered certain that the FED will cut interest rates, the amount of this interest rate has not been clarified as of now.
QCP Capital recently shared a report. This report, compiled with the comments of many economists and experts, includes the following information:
“The FED is meeting today and the importance of this meeting cannot be ignored. The decision they will make will shape the path that financial markets will follow in the medium and long term.
Market participants expect a 33% probability of a 25 basis point cut and a 66% probability of a 50 basis point cut, according to FED Fund Futures pricing.
However, according to a survey conducted by Bloomberg, most economists see a 25 basis point cut as more likely; Of the 114 economists, 104 expect this outcome, while only 9 expect a 50 basis point cut.
It remains uncertain how markets will behave during and after the FOMC meeting, because there are multiple layers of uncertainty:
Interest rate decision (25 basis point or 50 basis point cut?)
Dot plot projections
Powell’s press conference after the FOMC
However, we are certain that volatility will be high in the days following the meeting.
There could be large swings in the coming weeks as traders reposition their positions. This regime change could also signal the beginning of a strong macroeconomic trend.”
