The Fed Dot Plot Rocks Markets: Dollar Up, Gold & Stocks Down, Bitcoin Also Affected!
FOMC members make dot plots, highlight the market! The average decrease in interest rates increases the US Dollar, decreasing the price of Gold & shares. Dot plot 2x cuts, makes investors happy, stocks & Gold rise, US Dollar falls, and Bitcoin shakes too!
Powell's statement, Chair of the Fed, also rocked the market. He was vocal: FOMC meeting after meeting, data-so-so. But, the dot plot made a splash! Investors remember the points, and the new point arrives in September. This means that Gold, US Dollar, stocks and Bitcoin have been rocking for months!