/biz/ - Business & Finance

>>58608121
>I've seen some doomposting on CT and this has convinced me that Powell will lower interest rates tomorrow.
isn't that good for crypto

>>58608121
no rate cut, no rate hike

>>58608150
Exactly. Seeing cringy CT traders call8ng for a bust is what makes me think the FED will pivot.

>>58608158
everyone on my feed is calling for bitcoin 100k so that's why they will hold rates

>>58608121
>when being a brainless contrarian goes wrong
>when you countertrade a specific set of people YOU chose to follow
Post your liquidation email tomorrow so we can laugh

>>58608209
People were calling for another delay on spot eth etfs and suddenly changed their minds. The betting market is just worthless. My CT sentiment hotoscope works far better.

literally nothing. they won't lower until something breaks, if things get worse they won't raise until next year. it will stay at 3% inflation over time

>>58608121
BoC has been front running the fed. They lowered 0.5% so fed either holds or lowers 0.25%.

>>58608121
Powell has said on numerous occasions that rate won't fall until people lose jobs. Jobs numbers are reporting higher now that everyone is forced into holding multiple jobs which means no rate cuts for you. A thread died for this.

>>58608390
The fed always have a plan and then ignore it.
And yeah,an inactivr thread died for this. Suck my balls nigger.
>>58608384
You have to take into account that the us rates are way higher than other countries. This leaves the FED more wiggle room to lower and still have higher rates than Europe and Canada.

>>58608427
>The fed always have a plan and then ignore it
They've been consistent in telling retards demanding rate cuts to fuck off for over a year. This will be no different. Stop pretending to be stupid.

If the fed cuts rates there will probably be some lag time before the inflation ticks up. Any chance they cut rates right before the election so the economy heats up and Biden can do the "strong economy" talking point to help him?

>>58608658
From what I understand the FED has a history of cutting too late. This time being an election year might cut before the river turns red.

>>58608121
I hope they hike the rates

>>58608121
>I've seen some doomposting on CT and this has convinced me that Powell will lower interest rates tomorrow.
Yes, that's exactly how the economy works

>>58608121
>I've seen some doomposting on CT and this has convinced me that Powell will lower interest rates tomorrow.
It's crazy to imagine how some people just don't know there are markets for futures and swaps they can look at to see what the market thinks the probability of an event are rather than just guessing based on what other retards post online.

https://www.investopedia.com/terms/f/fed-funds-futures.asp
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html

>>58609394
The markets thought the Spot ETH ETFs were gonna get rejected and they got approved.
The markets also thought we were gonna have cuts in May. It's all guessing in the end.

>>58609436
>convinced me that Powell will lower interest rates tomorrow
You can literally put your money where you mouth is and get a massive return if you're right, so go ahead.
But I wouldn't, and I assume you won't either.

BoC and ECB cut rates already. Fed cannot be far behind, might not be tomorrow, but next month for sure.

>>58609453
I already bought crypto. If it holds it will dump and of ot cuts it will pump.
>>58609506
There is not FED reunion until August I think. This is another reason why I think they will cut now.

>>58609516
>There is not FED reunion until August I think. This is another reason why I think they will cut now.
If they waited until then, the economy would be extremely fucked. I bet those crazy fuckers would do it though.

>>58609516
>If it holds it will dump
No it won't. The markets are almost certain rates will hold, so nothing will happen.
>of ot cuts it will pump.
Quite possibly.

>>58609506
The US can do whatever the fuck it wants. The dollar is so strong that even rate cuts of other banks barely move it. No one wants their shitcoins.

>>58609536
Just checked and the next reunion is the 31 of July which is a 50 day gap and the next one is the 16th of September, another 50 day gap and the last reunion before the elections.
I'd say if they don't lower it now they will in July. I highly doubt they cut in September. They will be accused of favoring Biden too much if they pivot in September.

>>58609582
The dollar is used internationally. Their currencies are not.

>>58609589
So the rate can really be whatever and it would only affect the trade balance if the rate difference is too large. US exports would get expensive, but so much is domestic that they can afford it.

>>58609652
Is that why Chicago PMI is in a downtrend since November 2023?

>>58609674
and it just hit levels we haven't seen since... oh 2020, I wonder what happened that year?

>>58608121
he won't cut. there is no reason too.

>>58608121
Tomorrow they announce the obvious decision to not forecast any rate cuts in 2024.

>>58608150
No matter what they do it will dump after the meeting yet pump in the long term because crypto is ultimately, despite what everyone says, its own thing.

>>58612337
If they pivot it will pump like crazy. ETH will be pumping because the spot ETFs will be coming with rate cuts.

>>58608121
99.4% chance of rates unchanged right now, I don't think its gonna happen bro. As much as I want a rate cut because my ALTs are bleeding out, there will probably be no change.

>>58608121
rise by 50 bepis points

>job market frozen
>car market frozen
>house market frozen
>office going to zero
>American golem countries are already blowing up

The longer he holds the worse this will get.

>>58608121
You have to keep in mind the U.S. is cooking its books more than anytime in history, so anything even remotely portrayed as bad means it’s easily several times worse in reality. Anything they say is good is WAY worse. Trump scared these people into full blown Maoists.