Unexpected turn on Wall Street. JPMorgan has just changed its mind about the Fed: it now believes that Powell & Co. will start lowering rates in December, not in January as they thought a week ago.
What happened? The recent comments from several Fed hawks that suddenly sound less hawkish influenced the change in calculation.
The plan:
25 basis points cut in December
Another 25 basis points in January
Total: 50 basis points until the end of the year
For those trading crypto, this matters: lower rates = market liquidity = more bullish environment. It’s not a guarantee, but the Fed's easy money always attracts investors to riskier assets like Bitcoin and altcoins.
Situation: Inflation is easing, the labor market is cooling, and the Fed is finally encouraged to loosen. Let's see if they dare in December or regret it in the end.
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The Fed Could Surprise: JPMorgan Accelerates Its Rate Cut Forecast
Unexpected turn on Wall Street. JPMorgan has just changed its mind about the Fed: it now believes that Powell & Co. will start lowering rates in December, not in January as they thought a week ago.
What happened? The recent comments from several Fed hawks that suddenly sound less hawkish influenced the change in calculation.
The plan:
For those trading crypto, this matters: lower rates = market liquidity = more bullish environment. It’s not a guarantee, but the Fed's easy money always attracts investors to riskier assets like Bitcoin and altcoins.
Situation: Inflation is easing, the labor market is cooling, and the Fed is finally encouraged to loosen. Let's see if they dare in December or regret it in the end.