š„ATTENTIONš„
š§ØJune 18 will be a decisive day for financial markets and #Bitcoin.
What should happen to see a positive reactionāļø
-June 18 is the decision on the interest rate.
-But the focus is not on whether the rate will be lowered or not.
šSo, what will investors focus onāļø
š¹Investors already take for granted that the interest rate will not be cut.
š¹What will matter a lot are the FED's projections.
š¹The FED, in the penultimate rate decision, projected two cuts for this year.
š¹Futures on the interest rate, in light of this projection, went from expecting four cuts this year to expecting two.
š¹Now it is important āand would be positive for financial marketsā that the FED confirms and continues projecting two cuts for this year.
Why is this importantāļø
āŖļøIt matters because in the last press conference it was stated that there was a possibility that the rate would not be cut this year.
āŖļøAdditionally, several members of the FED commented that they see a single cut as appropriate for this year.
āŖļøThe good inflation data (CPI, PPI, and PCE) going down could encourage the FED to continue projecting two cuts.
šThe cuts would ease the credit conditions in the country, which would lower the cost of money and, therefore, would be positive for #Bitcoin and stocks.$BTC
