#FedRateCutPrediction

A lot of people are waiting for the Fed meeting, expecting that an interest rate cut will pump the market. That can happen, but there’s no need to be overly confident about it. Rate cuts are generally bullish for traditional markets, and you can clearly see that from how US stocks and Gold have been performing. However, crypto hasn’t shown any meaningful reaction despite two rate cuts in the last two months, the crypto market didn’t benefit at all.

Hopefully this time we’ll see some movement. Most of the news is usually priced in anyway, because everyone already has an idea of what the outcome will be. For now, crypto remains range bound with over all bearish trend.
Maybe next week will finally give us some directional play. The interest rate decision will be announced on December 11th, so let’s see how the market responds this time.

I personally think best trade opportunity will come when the market will show some strength and preferably shift the short term trend. Not any news event.

People will gamble on literally anything. There’s now a prediction market on whether Jerome Powell will open today’s FOMC press conference with “Good afternoon.” Traders have this at 97% like it’s the safest bet of their lives 🤣

Jokes aside, the actual FOMC event is in about 3.5 hours, and markets are pricing a 90% chance of a 0.25% rate cut on interest rates. Most of that is already baked in, but what Powell says afterward is what matters.

Guidance, tone, hints about future cuts, that’s where volatility comes from. Even if the decision is expected, the press conference can still move everything. I expect volatility 🕯

#PostonSquaretoEarn$50 #CryptoMarketRebound #BitcoinActivityPicksUp #DecemberMarketOutlook