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Elon Jamess
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Michael Saylor says the notion of being able to pick up
Bitcoin
at $80,000 is laughable.
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Elon Jamess
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More than $140 billion vanished from the crypto market today 🇺🇸 The sell-off kicked in immediately after Jerome Powell’s FOMC comments Dump first then a possible Santa rally coming? 🤔
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TODAY’S FOMC RECAP ➺ Fed lowered rates by 25 bps ➺ Fed will purchase $40B in T-bills over the next month starting December 12 ➺ Powell noted the labor market is showing weakness ➺ He said T-bill buying will stay high for the next few months ➺ He expects steady economic growth next year ➺ Rate-cut decisions will be made one meeting at a time ➺ He repeated that inflation is still too high ➺ A rate hike isn’t the base scenario for anyone ➺ He mentioned job gains were reported higher than they really were Overall the meeting leaned positive for the markets
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REMINDER The Fed is set to lower rates in under 30 minutes Current expectations show an 89.4% chance of a 25 bps cut
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BREAKING U.S. Fed December rate cuts coming up in about 90 minutes Stay prepared 👀
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HUGE: 🇺🇸 11 of the 12 FOMC officials are signaling they expect a 50bps rate cut today!
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