Interest Rate Good News from a FED Member! Will We See a Summer Rally in Bitcoin (BTC) and Altcoins?

While the FED is expected to start interest rate cuts, which it has been pausing since January, to cause a rally in Bitcoin (BTC) and altcoins, good news about interest rates came from FED member Christopher Waller. Speaking on CNBC’s Squawk Box, Christopher Waller said he did not expect the tariffs to significantly increase inflation, so policymakers should consider cutting interest rates as early as next month. We May Start Interest Rate Cuts in July! Waller said he and his colleagues think they should move slowly on rate cuts, but added that inflation is no longer a significant economic threat to rates and they should start easing. “I think we are in a position where we can cut rates and the earliest we can do that is July. That would be my view, whether the committee agrees with that or not, time will tell.” Waller’s comments on the rate cut came two days after the FOMC voted to hold interest rates steady for the fourth time in June, following its last rate cut in December. Waller added that he thinks the Fed should cut interest rates to prevent a possible slowdown in the labor market. “We are seeing job creation slowing and other things that indicate the labor market is weakening. If you’re starting to worry about the risk of the labor market moving down, don’t wait. Because I don’t want to wait for the job market to collapse before lowering interest rates. The labor market is in good shape, but not as strong as in 2022. The FED should start the interest rate reduction process slowly but proceed cautiously to avoid surprises. The FED can pause the interest rate reduction process whenever it wants. Because we have enough reasons to lower interest rates, then we can watch inflation again.” Following the interest rate decision, FED Chairman Jerome Powell said on Wednesday that inflation continues to run slightly above their targets and that they will proceed with a bit more caution in reducing interest rates due to concerns about tariffs. *This is not investment advice. Continue Reading: Interest Rate Good News from a FED Member! Will We See a Summer Rally in Bitcoin (BTC) and Altcoins?

Source: BitcoinSistemi