On July 28, Wall Street Journal reporter Nick Timiraos wrote that "While Federal Reserve officials are unlikely to cut interest rates next week, developments in inflation and the labor market should lead officials to signal a rate cut at the September meeting."
Since June, there have been voices in the market about interest rate cuts! But this time the wolf has really come! Because Nick Timiraos is not an ordinary person, he is known as the "Megaphone of Wall Street"
Nick Timiraos joined the Wall Street Journal right after graduating from college and has since served as chief economics reporter, primarily responsible for reporting on the Federal Reserve and U.S. economic policies.
As soon as he graduated, he was in an important position, which is impossible in the United States without some connections.
Not only is his position at the Wall Street Journal impressive, his position at the Federal Reserve is even more impressive...
The seats at the Federal Reserve’s press conferences are not fixed, but he is the only one who sits opposite Powell every time!
In addition, he often hits the Federal Reserve's monetary policy. These actions make it hard not to suspect that there is someone above Nick Timiraos, most likely a second-generation Fed member.
In short, Nick Timiraos’ news can be summed up in two words: reliable!
Before entering the crypto industry, neither the U.S. election nor the Federal Reserve’s interest rate hikes or cuts had such a direct impact on us.
But now this information is closely related to the price of crypto assets.
You should know that since March 2022, the Federal Reserve has been raising interest rates for 2 years and 4 months. The current interest rate of 5.3% is the highest level in nearly 20 years.
Before this round of interest rate hikes, Bitcoin had reached a high of $60,000 per coin. Almost at the same time as the interest rate hike, it fell below $20,000.
Fortunately, the Federal Reserve has been raising interest rates while the U.S. Treasury has been spending money to print money. Although the Federal Reserve has not cut interest rates in the past two years, the price of Bitcoin has returned to more than 60,000.
If a rate cut cycle begins at this time, can the price of Bitcoin still be held down?
