$BTC There is a brutal uncertainty in the world of finance, all due to the issue of interest rates and the monetary policies being applied in the United States. And hold on tight, because with the pressure that President Donald Trump is putting on, it is expected that Powell will make some very important economic changes in the coming weeks.
Analysts are keeping a close eye, waiting for the speech from the Federal Open Market Committee (FOMC) and the Chair of the Fed next week. They 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 Coming? The Big Question! 🤷🏽♀️
Since the beginning of the year, people have been hopeful that the FOMC will lower interest rates. They have defended themselves by saying that things are uncertain due to the tariff wars started by President Trump.
But pay attention! In recent weeks, the United States has signed super important trade agreements, even with China! This lifts a huge weight off the issue of tariffs.
Therefore, those who want interest rates to drop are convinced that this change is more than enough for the FOMC and Jerome Powell to give the economy a breather. Additionally, if we add other positive data, such as the inflation (CPI) in the U.S. and the PMI data (which measures economic activity), the chances of a rate cut look greater!
In May, the CPI rose by 2.4% monthly and nearly 2.9% annually, better than expected! If the rate cut happens next week, crypto prices could experience a spectacular surge! It would be like a party!
