The next FOMC meeting is coming up in 10 days.
The market is betting heavily on another 25bps cut, with almost all the relevant data points already published.
As long as there's no surprise, this is good for Bitcoin.
The only major data point left is CPI inflation. That remains a problem the Fed hasn't solved yet. Core inflation is still too high.
But Bitcoin and risk assets have already priced in that rates will trend down eventually. The exact timing doesn't seem to matter too much.… x.com/i/web/status/18661500925...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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