FED’While there is very little time left for Turkey to announce its January interest rate decision, interest rate cut expectations are increasing.
When will the FED cut interest rates? Bitcoin And cryptocurrency While it is closely followed by the markets, from former Fed official James Bullard and James Bullard and Goldman Sachs official Joshua Schiffrin Interest rate announcement came.
Firstly Speaking to the Wall Street Journal, Bullard said the Fed could potentially start cutting interest rates in March, before inflation reaches 2 percent.
In his statement, Bullard stated that the core inflation rate, excluding food and energy prices, may decrease to around 2 percent by the third quarter of 2024, and that the FED should not be late in reducing interest rates.
Emphasizing the importance of not delaying policy adjustments at this point, Bullard argued that the FED should not postpone the first interest rate cut until the second half of 2024, and that the second half of the year will be too late.
According to Bullarda, the first interest rate cut should be made in the first half of 2024, that is, before July.
Secondly, Joshua Schiffrin, head of global trading strategy at Goldman Sachs, made statements and He said the FED will reduce interest rates a total of four times this year, starting from March.
Schiffrin also stated that inflation will reach the FED’s 2 percent target within the year and warned that the first half will be difficult as the markets fluctuate with bets on the timing and speed of the Fed’s interest rate cuts.
Bitcoin It hit its peak of $69,000 in November 2021, when the FED started increasing interest rates. Since the bear market that followed was directly related to the FED’s interest rate increases, it is unlikely that a policy change would occur here. of BTC It is thought that he can return to his old days again.
*This is not investment advice.
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