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Jerome Powell

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FED President Jerome Powell made statements after the US Federal Reserve (FED) left the policy rate constant at 5.25%-5.5% yesterday.
At this point, Powell pointed out that it was premature for the FED to start interest rate cuts in March, causing a decline in BTC and altcoins.
At this point, Powell's statements divided economists into two regarding interest rate cuts, while some continue to expect a cut in March, while some economists postponed the possibility of a cut to May.
Speaking to CNBC at this point, famous investor Jeffrey Gundlach said that the US economic outlook still looks bad and that a recession and a higher unemployment rate are likely to occur in 2024.
<blockquote>
 “We know inflation will fall.
 However, for now, we think there will be a pause in the rate of inflation decline.
 I also think that the FED's high and long-term interest rate strategy carries negative risks for future growth. “
</blockquote>
Apart from Gundlach, Bloomberg Economics economists and Goldman Sachs analysts also predicted when the FED would start cutting interest rates.
At this point, while Bloomberg Economics economists continue to think that there will be an interest rate cut in March despite FED Chairman Powell's statements, economists think that the softening in inflation and the weakening in the labor market will provide FED members with sufficient confidence to cut interest rates in March.
Goldman Sachs economists said that after Powell's negative statements, they postponed their forecast for the FED's first interest rate cut from March to May, but maintained their forecast for five interest rate cuts this year and three in 2025.
Bank of America analysts also updated the FED's first interest rate cut forecast and moved it from March to June.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/while-the-fed-president-painted-a-negative-picture-about-interest-rate-cuts-economists-were-divided-in-two-when-will-the-first-interest-rate-cut-happen/" rel="noopener noreferrer nofollow">While the FED President Painted a Negative Picture About Interest Rate Cuts, Economists Were Divided in Two: When Will the First Interest Rate Cut Happen?</a>

While the FED President Painted a Negative Picture About Interest Rate Cuts, Economists Were Divided in Two: When Will the First Interest Ra...

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