SUMMARY OF FED DECISION (18/9/24):
🚨 Fed cuts interest rates by 50 bps – Lower borrowing costs could boost investment, potentially driving up BTC demand.
📉 2 more cuts expected in 2024 – Expectations of further cuts may create a bullish sentiment in risk assets like BTC.
⚠️ One dissenting vote – Mixed views within the Fed may signal uncertainty, leading to short-term market volatility.
💪 Fed is confident about inflation – A clearer inflation outlook could stabilize the economy, helping BTC as a hedge against inflation.
📊 Fed will monitor data closely – Future rate moves depend on data, keeping markets, including BTC, sensitive to economic reports.
🔮 More cuts coming – Extended rate cuts suggest continued liquidity, which could fuel further BTC buying as cash flows into riskier assets.
💼 Weak labor market – 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! ✅