Financial experts believe that the US Fed is not going to change the current interest rate, so it will be very big positive news for risky assets.
The US Federal Reserve (Fed) will release a decision on interest rates on 1 May 2024. Financial experts believe that there is a 95.6% possibility that the interest rate will not see any hike i.e. it will remain unchanged.
The Federal Reserve will release an interest rate decision on May 1 this week, with a 95.6% probability of keeping interest rates unchanged. In addition, the United States will also announce the April unemployment rate on May 3. Expectations for a U.S. interest rate cut this year…
— Wu Blockchain (@WuBlockchain) April 29, 2024
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Increasing interest rates means that the US Federal Reserve, or central bank of any country, is raising the cost of borrowing money. Increased interest rates affect various aspects of the economy, including consumer spending, business investment, and the housing market. When interest rates rise, borrowing becomes more expensive, which can slow down economic growth, decrease consumer spending, and potentially lead to lower stock prices, as people start to keep money saved in bank accounts instead of spending on risky assets.
So here we can say that unchanged interest rates usually inject a level of confidence among the stock & other money market investors.
On behalf of these facts, we can say that the Bitcoin trade price will show a significant pump on 1 May, following the Fed Res announcement on interest rates decision.
But here we need to understand that Bitcoin price pump chances are only 95.6%. In short, we need to remain bearish at some level, as there are 4%+ chances of opposite possibilities.
The current trade price of Bitcoin (BTC) is $63,143 & this trade price is 0.55% down over the last 24 hours.
These days the majority of Bitcoin investors are looking for some new reasons to remain bullish on the Bitcoin trade price but they’re failing.
According to experts, the next big bull sentiment phase around Bitcoin will be in Sep & October of this year, the months before the US presidential election.
Read also: Yuga Labs will layoff, to hire new talents to follow fundamental goals
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https://bitcoinik.com/bitcoin-investors-are-expecting-a-big-rally-in-btc-price-as-fed-res-heading-toward-interest-rate-decision/feed/
