FOMC Meeting: Fed Expected to Approve Rate Cut on Dec. 10
This week everything is about the Fed meeting and honestly it feels like everyone already knows what's coming.
On Wednesday (Dec 10) they're almost definitely cutting interest rates again by 0.25%. That would be the third cut this year. The betting sites have it at 90–95% chance and last week’s inflation numbers came in softer than expected so the Fed pretty much has the green light to keep easing.
Bitcoin is already partying like the cut already happened we’re back over $90K even poked $92K for a hot minute because crypto loves cheap money.
On top of that Kevin Hassett the guy who’s looking like the next Fed boss once Trump takes over went on TV and basically said yeah we’re good for the cut. Feels like lower rates are about to get the official Trump seal of approval.
But here’s the funny part: Bitcoin usually gets super hyped BEFORE these meetings and then dumps right after.
This year it fell after 6 out of the 7 Fed decisions. Average drop? Around 15%. Sometimes way worse like that 19% crash in October or the 25% bloodbath in January. Classic buy the rumor sell the news move.
So yeah, the cut is basically priced in. What actually matters is what Powell says afterward. If he sounds chill and hints at more cuts next year = moon time. If he even slightly hints they might pause = ouch.
Wednesday 2 PM ET is gonna be wild. Grab coffee keep your phone close and maybe don’t go all in just yet. 😅
