This week, Federal Reserve Chairman Jerome Powell is expected to state that the Fed is open to 50 basis point rate cuts. According to Evercore ISI analysts, Powell will emphasize that the Fed will follow a flexible rate cut strategy in his speech at the Jackson Hole Economic Symposium. However, Powell is not expected to stick to a specific rate cut. It is stated that the size of the cuts will depend especially on data from the labor market.
This situation may have a positive effect on investment vehicles such as bonds, stocks, gold and #Bitcoin . While the decrease in interest rates increases the value of stocks and bonds, it may also increase the demand for alternative investment vehicles such as gold and Bitcoin. Depending on the course of economic data, this reduction is likely to start in September. $BTC
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The decrease in interest rates increases the tendency towards risky assets and will increase the demand for Bitcoin and therefore its value.
In summary, the bull will start in September with the first interest rate cut and statements in this direction. The footsteps of the bull are coming. Bull loading...
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