US EditionWeek Ahead: How Powell’s Decision Could Move Bitcoin and Gold
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Jérôme Powell's EDF unveils its last annual monetary policy decision this Wednesday, December 10, with in particular the update of its macroeconomic projections. Let's look at what will really count during this monetary policy decision and what impact for the price of bitcoin and altcoins. Read more What trend for Bitcoin by Christmas? Vincent Ganne's analysis in video appeared first on Cryptoast.
Week Ahead: How Powell’s Decision Could Move Bitcoin and Gold
Powell’s words will shift real yields and short-term dollar liquidity, reshaping ranges for bitcoin, gold and major stablecoins. The Fed meets December 9 and 10, with the statement at 2:00 p.m. ET and Chair Powell speaking at 2:30 p.m. ET. Markets price roughly an 85% chance of a 25bp cut, so the phrasing in the […]
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