The minutes of the US Federal Reserve (FED) published on Wednesday revealed that interest rate cuts may come in 2024.
The first of the steps towards the economic relaxation that has been expected for a while in the traditional and cryptocurrency markets were taken last night. According to the statements made in the minutes of the FED’s FOMC (Federal Open Market Operations Committee) interest in 2024 discount may come.
More than half of FED officials believe inflation is under control and at least three times 25 bases He believes that a one-point interest rate cut may come.
Historically, the Fed has generally responded to interest rate cuts by recession passed before it started. Investment banking According to data from Piper Sandler in the last 60 years Recessions usually followed the beginnings of a period of economic slackening.
Upcoming spotlight on Bitcoin ETF approval And halving this year along with crossing with the bull Waiting. However, given the possibility of recession, many experts think that interest in risk assets will decrease.
On the other hand, in periods when Bitcoin liquidity increases rises And recession It is estimated that there will be continuous printing of money during the process. For this reason, the recession It will benefit Bitcoin And the bull It is predicted to be one of the triggering factors.