Reserve Dollar

Bank

Bitcoin

when

Reserve

While the puzzle of when the FED will start reducing interest rates continues, predictions now point to September.
At this point, while analysts and top banks were focusing on September for the first interest rate cut, a statement also came from the giant US bank Morgan Stanley.
Accordingly, the financial giant predicts that both the US Federal Reserve (FED) and the European Central Bank (ECB) may reduce interest rates in September.
Speaking to CNBC, Andrew Sheets, a senior strategist at Morgan Stanley, said that these forecasts are based on the latest economic data showing that inflation is decreasing.
Commenting on the ECB's first interest rate cut after nearly five years, Andrew Sheets commented on the FED's view that US inflation is still too high for interest rate cuts, and said that both institutions took a cautious stance.
However, the analyst argues that high inflation will decrease sufficiently by September and thinks that the decreasing inflation will necessitate interest rate cuts in September.
<blockquote>
 “We are more optimistic that both the FED and the ECB will cut interest rates in September.
 It is understandable that these central banks do not want to make a definitive statement about interest rate cuts in advance.
 They do not want to appear overly complacent about inflation risks.
 However, we think that the data the ECB will see until September will show that inflation continues to remain moderate. “I think inflation continues to fall for the FED.”
</blockquote>
Morgan Stanley's interest rate forecast has sparked discussions about potential positive outcomes for various markets, including Bitcoin and the cryptocurrency market. At this point, experts think that the bilateral interest rate cuts by the FED and ECB will support the ongoing bull run in BTC and altcoins.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/morgan-stanley-announces-current-fed-forecast-gives-date-for-interest-rate-cuts/" rel="noopener noreferrer nofollow">Morgan Stanley Announces Current FED Forecast: Gives Date for Interest Rate Cuts!</a>

Morgan Stanley Announces Current FED Forecast: Gives Date for Interest Rate Cuts!

Bitcoin Sistemi EN

Other articles published on Jun 28, 2024

History Associates joins Coinbase in FDIC legal battle

Crypto Hacks and Scams Double in Q2 2024, Surpassing $572 Million in Losses

Pepe Price Prediction: PEPE Soars 12% In A Week, But Experts Say This New Rival Meme Coin Might B...

Binance expands its Middle East presence: What’s next for BNB?

How Pandiana Sets Itself Apart From Other Memecoins, Set To Launch $PNDA Token On Solana

Bolivia Opens Doors to Cryptocurrency Trading After 4 Years Of Ban

Join our free newsletter for daily crypto updates!