Bitcoin And in altcoins tomorrow’s Fed While the interest rate decision is being followed, the expectation is that the FED will not increase interest rates.
While trying to determine the FED’s action on interest rates Fed Chairman Powell In their statements, they often state that they will proceed carefully regarding interest rate increases and inflation and that economic data from the USA will have an impact on their decisions.
At this point, the world’s largest asset manager commenting on the FED’s interest policy BlackRockHe said the FED is likely to keep interest rates high until 2024.
at this point Laura Cooper, senior macro investment strategist at BlackRock The Fed should keep interest rates in restrictive territory through 2024 due to ongoing inflationary pressures, Dow Jones told Newswires.
“Although there are solid signs of a decline in inflation, inflation is likely to remain above the FED’s 2% target due to price pressures.
At this point, we expect the FED to keep interest rates constant on Wednesday but keep the door open to future interest rate increases.
The notion of sticking with economic data from the US will expand as Fed Chairman Jerome Powell remains ready to retain the option of further tightening if necessary.
“Here we think interest rates should remain in the restrictive zone until mid-2024, after which interest rates should be readjusted towards neutral.”
Bitcoin It hit its peak of $69,000 in November 2021, when the FED started increasing interest rates.
Since the subsequent bear market is directly related to the FED’s interest rate increases, a policy change here could end the bear market and BTCIt is thought that it may return to its old days again.
As you may remember, BlackRock applied to the SEC for a spot Bitcoin ETF in June. This application had a positive impact on the BTC price, causing BTC to rise.
*This is not investment advice.
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