The current expectation is that the FED will cut interest rates to stimulate Bitcoin and altcoins, with a rate cut in September being highly likely. JP Morgan economist, Michael Feroli, stated that he believes the FED will cut rates by 50 basis points in September, with the central bank's policy rate ideally being around 4%. Investors are currently pricing in a 25 basis point cut at 57% and a 50 basis point cut at 43% according to the CME FedWatch Tool.
- Content Editor ( en.bitcoinsistemi.com )
- 2024-09-06
JPMorgan Chief Economist Reveals His Forecast on How Much Fed Will Cut in September!