⛔️ Breaking News: The Reason Why $BTC & the Whole Crypto Market is Dropping ⛔️
⚠️ We just saw a drop in the Market after 1 week of greens, the drop was expected as urgent news comes to place ⚠️
🎭Only 4 Cuts in 2024!!!🎭
Well guys the main reason for the sudden decrease in the crypto prices in general which is just happening is that US inflation hits 3.1%, higher than expectations🔥
⬇️ The Result of that is as follows ⬇️
💥 Markets Reassessing Expectations:
Following higher inflation data (3.1%), prediction markets have adjusted their interest rate expectations for 2024.
Markets now anticipate only 4 interest rate cuts, compared to 6 just a month ago.
This aligns with the Federal Reserve's guidance, which projected 3 rate cuts this year.
💥 Lower Chances of Rate Cuts:
The probability of a March rate cut is below 10%.
Chances of a May rate cut are also declining.
💥 Factors Affecting Rate Expectations:
Inflation data: Higher inflation might lead the central bank to tighten monetary policy.
Economic growth data: Weak economic growth could prompt the central bank to lower rates to stimulate the economy.
Future expectations: Investors' outlook on the economy's trajectory affects rate expectations.
🟢 Note:
These expectations can change with evolving economic conditions.
It's crucial to follow economic data and central bank guidance for the latest predictions.
🟢 Summary:
High inflation data led to a reevaluation of 2024 interest rate expectations.
Markets now expect only 4 rate cuts, down from 6 a month ago.
This aligns with the Federal Reserve's guidance.
Following economic data and central bank guidance is crucial for the latest predictions.
⚠️ Only time will tell what will happen to the market today but expect a bit of Volatility ⚠️
Follow & Like For MORE Exclusive News🥂
