$BTC There is a brutal uncertainty in the world of finance, all due to interest rates and monetary policies implemented in the United States. And hold on tight, because with the pressure exerted by President Donald Trump, Powell is expected to make some very important economic changes in the coming weeks.
Analysts are on high alert, waiting for the speech of the Federal Open Market Committee (FOMC) and the Fed Chair next week. We want to see how this will affect Bitcoin and altcoins! It's like waiting for a decisive football match! ⚽
Is a Change in Interest Rates Approaching? The Big Question! 🤷🏽♀️
Since the beginning of the year, people have held out hope that the FOMC would lower interest rates. They have defended themselves by saying that the situation is uncertain due to the trade wars initiated by President Trump.
But pay attention to the details! In recent weeks, the United States has signed extremely important trade agreements, even with China! This reduces a huge burden from the perspective of tariffs.
That’s why those who want to lower interest rates are convinced that this change is more than enough for the FOMC and Jerome Powell to give the economy a breather. Furthermore, if we add other positive data, such as inflation (CPI) in the U.S. and PMI data (which measures economic activity), the chances of an interest rate cut seem greater!
In May, the CPI rose by 2.4% month-on-month and nearly 2.9% year-on-year, better than expected! If the interest rate cut is confirmed next week, cryptocurrency prices could see a spectacular rise! It would be like a party!