I saw many friends asking about the Fed's interest rate meeting tomorrow morning. From my personal point of view, what can be determined is that a 25 basis point interest rate cut should be infinitely close to 100%. Although the Fed's monetary policy may be affected by the US election, it still needs to be based on data. The current data, whether from inflation, unemployment rate, or economic stability, all support continued interest rate cuts.
As for the possible interference with interest rate cuts mentioned by many friends, it is because they are worried that inflation will rise after Trump takes office (as mentioned in the quoted tweet), but in fact, the Biden administration is still in power, and Trump will not officially hand over until January 20, so theoretically there will not be much change in these two months.
So even if Trump's victory will have an impact, it will at most affect the monetary policy in December, and it will hardly have an impact on November. Of course, Powell is not likely to have an easy time with this power transfer, after all, Trump cursed the Fed and Powell all the way during his last term.
You can listen to Powell's speech in the early morning, and it is estimated that reporters will ask. If nothing unexpected happens, I will still do a live broadcast.
I almost forgot, 25 basis points is good for #BTC☀ . The dot plot will be released in December. The impact in November is not very big, but the market's risk appetite will increase.
