Spot ETF approvals and expected Bitcoin While the halving continues to be the focus of 2024, there is also talk of when the FED will cut interest rates.
At this point in the market FedWhile it is expected that the interest rate will be cut in March, not everyone has the same opinion.
Because one of them is BlackRock happened.
Speaking to Bloomberg Laura Cooper, senior macro investment strategist at BlackRockHe said that they do not expect the FED to cut interest rates in the next few months.
Stating that the FED will not start interest rate cuts in March at this point, Cooper said that this week’s retail sales pressure shows the resilience of the US economy and clearly shows that the Fed can postpone interest rate cuts.
“Considering that inflation is still above the 2 percent target, I think the FED will start reducing interest rates in June at the earliest.
I also expect the FED to start reducing interest rates before the European Central Bank (ECB).
“I predict that the FED will reduce interest rates by 75-100 basis points by the end of 2024.”
The BlackRock official also stated that he expects a stronger US dollar this year. Bitcoinclose to halving BTC He said it could prevent his rise.
Because there is an inverse correlation between the dollar and Bitcoin, and the strong US dollar causes selling pressure on Bitcoin.
*This is not investment advice.
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