🚨 The week of the Federal Open Market Committee is coming: markets brace for impact
The Federal Open Market Committee meeting on December 10 is expected to be the most significant market event this month. Bitcoin (BTC) has already surpassed $93,000, supported by nearly 90% odds of another 25 basis point interest rate cut, and increasing expectations that Kevin Hassett will become the new Chair of the Federal Reserve, along with new liquidity flowing into the markets as the quantitative easing program officially ends.
But the real events are still ahead of us.
📊 Key data before the meeting:
- Personal Consumption Expenditures inflation on Friday
- Job openings in JOLTs on Tuesday
Both reports may influence the tone of the Federal Reserve a few days before the vote.
🔍 What do we expect?
- Another interest rate cut could drive the price of Bitcoin (BTC) towards $100,000.
- However, if the Federal Reserve hints at the start of quantitative easing, analysts warn that we may first see a sharp decline - quantitative easing typically starts when the economy is in a state of collapse.
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