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While the FED’s January Interest Rate Decision on Bitcoin is Awaited, a Statement Came from the FED Member and Goldman Sachs Official! “July…

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While there is very little time left for the FED to announce its January interest rate bitcoin decision, interest rate cut expectations are increasing.
While Bitcoin and cryptocurrency markets are closely following when the FED will cut interest rates, a statement on interest rates came from former FED official James Bullard and James Bullard and Goldman Sachs official Joshua Schiffrin.
First speaking to the Wall Street Journal, Bullard said the Fed could potentially start cutting interest rates in March, before inflation reaches 2 percent.
In his statement, Bullard stated that the core inflation rate, excluding food and energy prices, may decrease to around 2 percent by the third quarter of 2024, and that the FED should not be late in reducing interest rates.
Emphasizing the importance of not delaying policy adjustments at this point, Bullard argued that the FED should not postpone the first interest rate cut until the second half of 2024, and that the second half of the year will be too late.
According to Bullarda, the first interest rate cut should be made in the first half of 2024, that is, before July.
Secondly, Joshua Schiffrin, head of global trading strategy at Goldman Sachs, made statements and said that the FED will cut interest rates a total of four times this year, starting in March.
Schiffrin also stated that inflation will reach the FED’s 2 percent target within the year and warned that the first half will be difficult as the markets fluctuate with bets on the timing and speed of the Fed’s interest rate cuts.
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: While the FED’s January Interest Rate Decision on Bitcoin is Awaited, a Statement Came from the FED Member and Goldman Sachs Official! “July Might Be Too Late!”

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