Bitcoin (BTC)while struggling with the corrections lately, yesterday, FEDStating that they will act more cautiously in reducing interest rates if the downward course of inflation stagnates. FOMC The minutes of the meeting were announced.
The FED, which made a 25 basis point reduction in November, is expected to make a 25 basis point reduction in December. Personal Consumption Expenditures (PCE) The relevant data was announced.
Accordingly, personal consumption expenditure data for October was as follows:
Core Personal Consumption Expenditures Price Index (Annual) Announced 2.8% – Expected 2.8% – Previous 2.7%
Core Personal Consumption Expenditures Price Index (Monthly) Announced 0.3% – Expected 0.3% – Previous 0.3%
Personal Consumption Expenditures Price Index (Annual) Announced 2.3% – Expected 2.3% – Previous 2.1%
Personal Consumption Expenditures Price Index (Monthly) Announced 0.2% – Expected 0.2% – Previous 0.2%
What Was the First Reaction of Bitcoin (BTC)?
Interest Rate Cut Expectations Continue!
FEDAfter making its first interest rate cut in September and starting with a 50 basis point reduction, it also made a 25 basis point reduction in November. While another 25 basis point reduction is expected CME FedWatchAccording to , the FED’s decision to cut 25 basis points on December 18 is priced at 66.3%, and keeping rates constant is priced at 33.7%.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/son-dakika-fedin-enflasyonu-olcmek-icin-kullandigi-pce-verisi-aciklandi-bitcoinin-btc-ilk-tepkisi-ne-oldu/
