#bimancewold FOMC Meeting Summary..Key Takeaways 🚨
Here’s the breakdown for today:
Rate cut: Fed lowered rates by 25 bps ✅
Treasury purchases: $40B in T-bills over next 30 days starting Dec 12 💸
Labor market: Powell notes it’s weak
QE continuation: T-bill purchases will stay elevated for a few months
Economic outlook: Solid growth expected next year
Rate decisions: Will be made meeting to meeting
Inflation: Everyone agrees it’s still too high
No hikes: A rate hike is not the base case
Jobs: Previous job gains overstated
✅ Bottom line: Very bullish for markets and crypto. 🚀
This sets up potential upside momentum for Bitcoin, altcoins, and risk assets.$BTC
BTC
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ETH
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SOL
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