What will the FED do with interest rates this year? 🤔

📍 The FED will probably keep the rate in November

On October 20, FED Chairman Jerome Powell gave a speech that helped BTC increase.

Specifically, he said that the current economy has continuously "flourished" and partly satisfied the two major goals set by the FED. At the same time, the FED will still be cautious about ls policy.

=> The FED will probably keep the rate at its meeting on the night of November 1.

📍 The FED's actions with LS in December will be quite unpredictable

The US economy is growing quite well, thanks to the steadfastness of American consumers. This causes the FED to have a headache about whether to tighten interest rates in the near future because inflation has not yet reached its target but the economy and employment data are quite good.

=> The FED's decision in December will be difficult to predict, you should carefully monitor upcoming macro indicators for forecasting.

If you compare the price of $BTC with ls (chart in the picture), you can see that although it was initially negative, recently the price of Bit has become more positive every time the FED increases ls.

The reason may be because the market expects that interest rates are about to peak and there won't be many more increases in interest rates.