🟡 The price of Bitcoin fluctuated before the Federal Reserve's interest rate decision. Ahead of tomorrow's Federal Open Market Committee (FOMC) meeting, Bitcoin (BTC) on Binance fell to $59,500. Market participants are preparing for a hawkish stance from the Fed, expecting interest rates to remain unchanged. The CME FedWatch tool shows that only 4.4% of economists predict a rate cut (the first in over a decade), while a dominant 95.6% of economists expect rates to stabilize between 525-550 basis points. According to the Kobeissi Letter, current market data shows a 36% chance of no rate cuts this year. Four months ago, the probability of maintaining the current rates was only around 3%. Only one rate cut is expected this year. Previously, the market anticipated six rate cuts. Additionally, the likelihood of experiencing two or more rate cuts has decreased to 31%. 🔺 Stagflation risk In this financial environment, the U.S. faces the risk of stagflation with persistent inflation and slowing economic growth. GDP growth for Q1 2024 has slowed to 1.6%, below the expected 2.2% and also lower than the previous quarter's 3.4%. Meanwhile, the U.S. core PCE inflation index has risen from 2.0% to 3.7%. Federal Reserve Chairman Powell stated that recent data has not increased the Fed's confidence, indicating that restoring economic stability will take longer.
$BTC 71058.41
#特朗普缓和局势 #美国暂缓攻击伊朗发电站 #金价连续第十天下跌
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