Posted 12/17/2023, 2:26:00 PM
Federal Reserve Signals Possible 2023-2024 Rate Cuts, Potentially Boosting Markets Before 2024 Election
- The Federal Reserve is signaling interest rate cuts in 2023-2024, preparing a "Biden bailout" ahead of the 2024 election
- If rates are cut in early 2024, it could unlock $1 trillion from money market accounts into markets
- Inflation has already fallen from 9% to 3.2%, and is expected to keep moderating
- Weakening dollar forecasts and dovish Fed pivot are seen as positive for bitcoin and crypto prices
- Bitcoin halving in 2024 combined with election spending could further boost crypto markets