Bitcoin

Announcing the last interest rate decision of the year and keeping interest rates constant, the FED signaled that interest rate cuts may be possible in 2024.
In line with these expectations, expectations for the FED to cut interest rates are increasing, and the statements made by FED members are being followed closely.
At this point, Richmond FED President Thomas Barkin made statements about the FED's policy, inflation and interest rate cuts.
Speaking to Yahoo Finance, Barkin stated that inflation continues to be the focus of the FED.
The highlights of Barkin's speech, who refrained from commenting on the date or number of interest rate cuts, are as follows:
<blockquote>
 “Inflation remains the Fed's focus.
 The FED continues to adhere to data regarding interest rate cuts, and we see that inflation data is moving in the direction we want.
 Inflation is progressing in a positive direction and the decline in inflation is remarkable.
 But I think inflation is more stubborn than the average Fed official.
 If inflation continues to fall nicely as we expect, the FED will respond to this decline.
 “I think we're in a good position right now with the inflation rate at 3% and the unemployment rate at 3.7% remaining relatively stable.
 Whether the FED will fulfill its interest rate cut predictions announced at last week's policy meeting continues to depend on the performance of the economy.
 “The Fed's forecasts are just a guess, not a guide.”
</blockquote>
As you may remember, speaking to Reuters last week, Raphael Bostic said that the FED may start reducing interest rates in the third quarter of 2024 and stated that he expects two 25 basis point interest rate cuts during the year.
Related News: <a href="https://en.bitcoinsistemi.com/when-will-fed-start-cutting-interest-rates-fed-member-gave-the-date-2/" target="_blank" rel="noopener noreferrer nofollow">When Will FED Start Cutting Interest Rates? FED Member Gave the Date!</a>
Bitcoin hit its peak of $69,000 in November 2021, when the FED started increasing interest rates. Since the subsequent bear market is directly related to the FED's interest rate increases, it is thought that a policy change here may return BTC to its old days.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/fed-member-speaks-about-inflation-and-interest-rate-cuts/" rel="noopener noreferrer nofollow">FED Member Speaks About Inflation and Interest Rate Cuts!</a>

FED Member Speaks About Inflation and Interest Rate Cuts!

Bitcoin Sistemi EN

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