Powell of the United States made a statement in August, confirming that the window for rate cuts has opened.

Then, last week, the action was very quick, and the federal funds rate was sharply reduced by 50 basis points to 5.00%. The market responded enthusiastically to this move.

Looking ahead, the market generally predicts that there will be three more rate cuts this year.

And in the period between 2024 and 2025, the pace of rate cuts is expected to accelerate further, and a total of five times may be reached.

Despite the faster-than-expected pace of rate cuts, there are still doubts in the market that the Fed may not have fully kept up with the pace of economic slowdown.

The shadow of economic recession hangs over the market, but for this market, this may not be a completely bad thing, but may inspire the United States to adopt a more relaxed policy. 👗👉➩BNB0098

Against this background, the flood of global liquidity and the inherent scarcity of BTC (Bitcoin) form a sharp contrast, laying a solid foundation for the strong performance of Bitcoin in the fourth quarter.

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