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The Federal Reserve has come up with new tricks again! 🤔 I just saw the news that the minutes of the December meeting released earlier today show huge disagreements among the decision-makers—some advocate for further rate cuts, some think no action is needed, and a board member, Milan, insists on a 50 basis point cut. It’s like everyone is singing their own tune.
What confused me the most is that among the 19 decision-makers, 6 believe that the interest rate should stay at 3.9% by the end of 2025, which means no rate cuts anymore? But most officials support continuing to cut rates? Who actually makes the final call 😅
Now I finally understand that the Federal Reserve’s decisions directly influence the direction of the crypto market. Rising unemployment, fluctuating inflation data—these numbers impact the entire financial market behind the scenes. I used to naively think that the crypto world was only affected by crypto-specific factors, but now I realize how important macroeconomic policies are.
Can any experts explain what specific impacts these policy disagreements might have on Bitcoin and Ethereum? Feels like I need to brush up on economics knowledge 💪