A Positive Signal for Bitcoin? Gold Hits Record Highs!
Institutional Crypto Research Written by Experts
👇1-10) While the Fed's statement maintained flexibility and did not explicitly signal a September rate cut, Chair Powell's comments during the subsequent Q&A session hinted at the possibility, contingent on expected declines in inflation.
👇2-10) Previously, Powell indicated that the Fed would only commence rate cuts when there was sufficient clarity for multiple reductions. If the Fed proceeds with a cut in September, several additional cuts are likely to follow, providing substantial stimulus for financial markets, provided the economy remains stable.
👇3-10) The upcoming inflation report on August 14 is anticipated to show inflation falling below 3.0%, according to our model. We are entering a period from August to October when year-on-year inflation comparisons are expected to be favorable.
Bitcoin vs. Gold → Gold making new all-time highs… Bitcoin to follow?
