On July 28, Wall Street Journal reporter Nick Timiraos wrote that "Although Fed officials are unlikely to cut interest rates next week, inflation and labor market developments should lead officials to signal a rate cut at the September meeting."
Since June, there have been voices in the market for rate cuts! But this time the wolf is really here! Because Nick Timiraos is not an ordinary person, known as the "Megaphone of Wall Street"
Nick Timiraos joined the Wall Street Journal after graduating from college. Since then, he has served as chief economic reporter, mainly responsible for reporting on the Federal Reserve and US economic policies.
As soon as he graduated, he held an important position, which is impossible without some connections in the American family.
Not only is his position at the Wall Street Journal awesome, his position at the Federal Reserve even more awesome...
The seats at the Federal Reserve press conference are not fixed, but he is the only one who sits opposite Powell every time!
Plus he often hits the Federal Reserve's monetary policy. These kinds of behaviors make it hard not to suspect that Nick Timiraos has someone above him, most likely a second-generation Federal Reserve official.
In short, Nick Timiraos's news can be summed up in two words: reliable!
Before entering the crypto industry, neither the US election nor the Fed's interest rate hikes and cuts had such a direct relationship with us.
But now this information is closely related to the price of crypto assets.
You should know that since March 22, the Fed has raised interest rates for 2 years and 4 months, and the current interest rate of 5.3% is the highest in nearly 20 years.
Before this round of interest rate hikes, Bitcoin reached a height of 60,000 US dollars per coin, and almost at the same time as the interest rate hike, it was smashed to below 20,000 US dollars.
Fortunately, the Federal Reserve has raised interest rates while the U.S. Treasury Department has spent money to increase liquidity. Although the Federal Reserve has not cut interest rates in the past two years, the price of Bitcoin has returned to more than 60,000.
If the interest rate cut cycle begins at this time, will the price of Bitcoin still be able to be held down?
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