Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The Fed Could Surprise: JPMorgan Accelerates Its Rate Cut Forecast

robot
Abstract generation in progress

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.

BTC-5.33%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)