Markets believe there is an 86-87% chance that the Federal Reserve will cut #interest_rates by 25 basis points at the FOMC meeting on Wednesday.
Since this move is expected by many, the reaction of #cryptocurrencies will depend more on Powell's guidance and the dot plot than on the cut itself. When the Fed #الفيدرالي hints at further easing, yields and the dollar usually fall, typically leading to a subsequent rise in #البيتكوين first, then in major altcoins as liquidity expectations increase. If Powell appears cautious or signals a slower path, the rapid rally after the decision may fade as traders sell the news.
The first hour after the decision and the press conference is likely to be the most volatile. After that, the trend will settle once the dollar and 2-year bond yields show whether financial conditions are improving or deteriorating. #FOMCWatch $BTC $ETH $XRP
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
It's coming! What should we expect now?
Markets believe there is an 86-87% chance that the Federal Reserve will cut #interest_rates by 25 basis points at the FOMC meeting on Wednesday.
Since this move is expected by many, the reaction of #cryptocurrencies will depend more on Powell's guidance and the dot plot than on the cut itself. When the Fed #الفيدرالي hints at further easing, yields and the dollar usually fall, typically leading to a subsequent rise in #البيتكوين first, then in major altcoins as liquidity expectations increase. If Powell appears cautious or signals a slower path, the rapid rally after the decision may fade as traders sell the news.
The first hour after the decision and the press conference is likely to be the most volatile. After that, the trend will settle once the dollar and 2-year bond yields show whether financial conditions are improving or deteriorating.
#FOMCWatch
$BTC
$ETH
$XRP