Everyone, the Federal Reserve's big show is about to start!
On Thursday morning, the interest rate decision is coming, and the market is betting on a 25 basis point rate cut. I can only say don't be too optimistic!
There are differences within the FOMC, with some opposing the rate cut. Plus, the government shutdown means that all key data for October is missing, and the changes in the SEP and dot plot are limited.
They might also launch the RMP, with Bank of America predicting monthly purchases of $45 billion in U.S. Treasuries. If this happens, the focus of the meeting will shift entirely to the balance sheet, and the interest rate path will have to take a back seat!
Looking at the real-time data in the crypto space, $BTC is jumping around before the decision, indicating that market sentiment is tense. I think this wave of action is a big opportunity for the crypto market!
Policy changes trigger volatility; if you catch it right, you can soar, but if you miss it, you're in trouble. I've been in the crypto space for so many years, and my instincts for these situations are spot on.
Do you still not know how to respond? Take advantage of the time you have now and come find me! The QR code for the chat room is posted below; come in, and tonight I'll help you find the right rhythm and make some good profits!
