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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/qcp-analysts-predict-rate-cuts" data-wpel-link="internal" rel="noopener noreferrer nofollow">QCP Analysts Predict Rate Cuts</a><br></p>
<p style="text-align: justify">QCP Capital analysts recently shared insights on the ever-volatile cryptocurrency market. Following a misjudgment in their previous forecasts, they addressed the unexpected stance of the Federal Reserve on <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">interest rate</a> predictions spanning the next three years. Despite anticipating favorable conditions for cryptocurrencies, their outlook faced unforeseen shifts.</p>
<h2 id="why-did-the-fed-surprise-experts">Why Did the Fed Surprise Experts?</h2>
<p style="text-align: justify">In their recent commentary, QCP Capital experts reflected on the latest Consumer Price Index (CPI) <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a>. The figures spurred a surge in risk assets, with U.S. stocks reaching unprecedented highs and <a href="https://en.bitcoinhaber.net/bitcoins-market-fluctuations-and-investment-forecasts" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> peaking at $70k before a slight dip. The market appears to be factoring in two potential rate cuts in 2024, indicating a 56% probability of a cut in September and another in December.</p>
<h2 id="will-the-fed-implement-rate-cuts">Will the Fed Implement Rate Cuts?</h2>
<p style="text-align: justify">QCP Capital maintains an optimistic stance for the remainder of the year, driven by anticipated approvals for ETH ETFs and potential rate cuts. They predict a rate cut in September, followed by a cautious approach from the Fed in subsequent months. However, the Fed’s dot plot remains unclear, making it challenging to ascertain the precise number of rate cuts this year.</p>
<h2 id="key-market-inferences">Key Market Inferences</h2>
<p style="text-align: justify">– If employment shows significant loosening, expect a higher likelihood of rate cuts in September.<br> – Persistently low inflation for the next couple of months could reinforce the Fed’s confidence in reducing rates.<br> – An ETH ETF S-1 approval could significantly boost market sentiment.</p>
<p style="text-align: justify">Today, Gary Gensler expressed optimism that Spot ETH ETFs might hit exchanges before summer ends. Additionally, lower-than-expected CPI and Producer Inflation figures for the U.S. might bolster the Fed’s resolve to implement rate cuts soon. Despite early-year inflation setbacks, the collective expectation among Fed members for rate cuts remains low, yet possible.</p>
<p style="text-align: justify">In conclusion, the market’s current sentiment towards the Fed’s forthcoming meetings is predominantly negative due to revised interest rate forecasts and diminishing long-term inflation optimism. However, this negative outlook might be short-lived.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/qcp-analysts-predict-rate-cuts" data-wpel-link="internal" rel="noopener noreferrer nofollow">QCP Analysts Predict Rate Cuts</a></h5>

QCP Analysts Predict Rate Cuts

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