Finally, after 4 years, we saw the Fed cut interest rates for the first time, and cut them to 0.5%, the same as the first 0.5% cut in 2007. And that year, a recession happened!
Now, the Fed and the companies may be more prepared for a recession, but many people still think that the Fed is afraid of a recession, so they cut rates faster.
And after this first interest rate cut, the Fed chairman shared that from now until the end of 2024, the Fed will cut another 0.5%... So that answered the next question about whether there will be a rate cut next time.
So investors don't have to doubt the interest rate cut anymore, the market doesn't have to be afraid and guess, in the future, we only need to pay attention to the quarterly GDP and CPI indexes... Usually, the GDP is negative for 2 quarters before entering a recession.
Basically good for the market and no need to hesitate waiting for the Fed anymore, plus Binance has been listing exchanges continuously recently, it seems like spring is coming soon, right guys?
Stocks and BTC both rebounded slightly after the news, usually 1-2 days after the news the market has a clear movement, so after 4 years of waiting, we have the first interest rate cut, now just sit and wait, right guys?
#Bitcoin#BTC#Ethereum#ETH#ZK#ZRO#Manta#Strk#OP#ARB#Sui#Sei#APT#lista#BB#TON#NOT#Dogs #Neiro
