As known Fed He announced the final interest rate decision for 2023 and left interest rates constant.
While this decision increases the expectations that the FED will cut interest rates in 2024, spot Bitcoin By applying for an ETF BTC and altcoinOne of the world’s largest asset managers, which enabled the rally in BlackRock executive Jeffrey Rosenberg He evaluated the FED’s decision.
Speaking to Bloomberg, BlackRock fund manager Jeffrey Rosenberg described the FED’s pausing of interest rates and hinting at an interest rate cut next year as a “green light” for cryptocurrency investors.
“The bullish sentiment created by the FED’s decision and its hints about an interest rate cut may continue for a while, at least until we get new economic data, and until then the message is clear: Because the FED is more than willing to see an easing in financial conditions.
The Fed is happy with this trend and is now willing to take action for change.
“At this point, I do not think the FED will do anything to prevent this positive trend.”
Blackrock executive Rosenberg also FedStating that the first interest rate cut may come in the summer “If I had to choose a month, I would say June” said.
*This is not investment advice.
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