QCP Capital Offers Insights on Market Reaction to FED Decision! What’s the Forecast for Bitcoin and Ethereum? Here’s the Breakdown
Recent Consumer Price Index (CPI) data release caused a significant shift in risk assets, propelling US stocks to record highs.
Market sentiment currently anticipates two rate cuts in 2024, with a 56% likelihood of a cut in September and another in December, according to interest rate futures.
QCP Capital’s latest market analysis sheds light on potential actions by the Federal Reserve and their impact on the market.
The uncertainty surrounding the Federal Reserve’s dot plot makes it challenging to predict whether officials will opt for one or two rate cuts this year.
Despite expectations for a rate cut in September, QCP Capital foresees the FED taking a cautious approach in subsequent meetings in November and December.
Maintaining a positive outlook for the remainder of the year, QCP Capital is buoyed by the anticipated approval of the ETH ETF S-1 and potential rate cuts in September and year-end.
As market dynamics respond to economic indicators and Federal Reserve policies, QCP Capital remains bullish on the outlook for risk assets, particularly Bitcoin and Ethereum.
Investors are advised to strategize their positions to maximize potential gains in the evolving financial landscape.
*This content does not constitute financial advice.
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