$BTC
Last night, as soon as the Federal Reserve's minutes were released, the market went into a frenzy. The Nasdaq and S&P both hit new highs, and the crypto market rode the wave upward as well. Bitcoin surged to 112K in one go, looking incredibly strong.
First, regarding the minutes, a few people supported an immediate interest rate cut. These few are likely the ones who previously tried to curry favor with Trump, like Waller. They support the cut not because the economy can't withstand it, but because they want to offer a token of loyalty to Trump.
Basically, it's about securing their own positions, but most of the committee members aren't particularly hawkish. To put it bluntly, they talk tough but are soft inside, and it’s highly likely that there will be at least one rate cut this year, which is essentially like releasing an invisible dot plot in advance, right? Naturally, the market took this as good news.
Additionally, some committee members clearly stated that Trump's tariffs are not reliable and will bring uncertainty and risk. However, on the flip side, his constant talk about TACO and his rhetoric seem to have alleviated the risk of tariffs being implemented.
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